#PNUT
These past two days, I haven't taken action, and personally, I don't think it's a good buying opportunity.
From the data, the main force has been crazily closing long positions and opening short ones. There was only one instance near 1.1 where a long contract was opened, but the position size wasn't very large. My personal thought is that the main force still wants to create a few waves to offload at this price level. The overall trend is still downward.
The main force is seeking a lower cost price. I estimate it to be around 0.95 (previous posts mentioned that I bought around 0.95, feel free to check my homepage if you’re interested).
Regarding the specific point to buy, you still need to keep an eye on when the main force opens a large number of long positions to close short ones. At that time, entering quickly can help you get a cost price similar to that of the main force.
I've set up a warning alert, but I have to catch a flight in the afternoon, so I hope I don't enter the market at that time 🥹
