$PNUT The older brother has also bought the dip on pnut, but from the data, it seems that there isn't much strength from the bulls involved; it's more of a rebound in conjunction with the market. It's currently hard to determine whether the rebound momentum can continue. In fact, it doesn't look as good as some VC coins, and the overall position hasn't increased much. Some shorts have closed their positions, and some have bought the dip.
From the K-line, pnut has completely broken down; this can only be seen as a rebound. Don't have overly high expectations; the distribution time doesn't look like it's over. Accumulating again at the bottom will also take time. If you are very optimistic about this asset, you can consider a dollar-cost averaging strategy.
Currently, there are no signs of major bull funds entering. Those who bought the dip can wait for a bit; those who haven't bought should temporarily avoid making any moves and look at other assets. It's quite uncomfortable to see it drop here without any profit cushion.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
