Squirrel👇
The key support level for PNUT is in the 1.45 area. If you wanted to enter earlier, you could have chosen to buy in batches in this area.
However, although it experienced two consecutive rebounds afterward, it ultimately could not hold and broke below this support area.
Now that this area has been breached, and there has been a situation where support and resistance levels are switching, I suggest not entering the market for the time being.
It’s better to wait until it shows a reversal structure before considering whether to enter the market.
