Market analysis and entry suggestions for Squirrel (Punt) Coin
For Squirrel (Punt) Coin, its key support level is in the 1.45 area. If there is a plan to enter the market to buy before, it is more feasible to buy in batches in this area.
However, judging from its subsequent price trend, despite two consecutive rebounds, unfortunately, it failed to successfully hold this key support level and fell below the 1.45 support area.
Now that this support area has been broken and the support and resistance levels have been converted, it means that the current market situation has changed significantly. Based on this, it is recommended that investors do not rush to enter the market for the time being.
A more prudent approach is to at least wait for the reversal structure of Squirrel (Punt) Coin before comprehensively considering whether to enter the market for investment, which can reduce investment risks to a certain extent and improve the rationality of investment decisions.
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