$PNUT

Everyone is paying attention to the pnut coin, so I will regularly review and share the current situation of pnut with you.

Here we can see that the 24h contract positions have not changed, but the 12h has increased by nearly 13%. The main contract is quite chaotic, with both positive and negative aspects, which seems difficult to interpret, but it is not the case.

The profit-taking from the previous period is still being offloaded, and there may be some retail investors cutting losses in between, but this is not important. What matters is that within these 12 hours, there is buying power coming in【net inflow of main contract, increase in positions】. Combining this with the K-line and the 24h positions and inflows and outflows, it can be seen that at the 24h level, pnut is undergoing a turnover.

If there is no new low broken here, continuous oscillation will be as we previously envisioned, starting to build a bottom here. If it breaks, it means the buying power cannot hold it. To buy in here is to exchange time for space, to bet that the buying power can digest all these selling pressures.

The K-line is likely to oscillate within this box for a while. Everyone can show their skills, either trading in the range or buying bottom chips to wait for the next explosion【if the entity breaks below the low, stop-loss considerations should be made】, or chasing the breakthrough. The rules are dead, but people are alive.

This coin indeed does not have a clear direction, it is not an easy question. The older brother also lost a lot of brain cells to help everyone write an analysis, but since everyone is quite interested, I will write!