PNUT buy/long setup (12H)

Jan 16, 2025

We previously identified PNUT's fluctuations effectively.

Based on recent data, it’s better to expand the PNUT pattern and classify it under a larger Triangle or Diametric structure.

We are again looking for buy/long positions around the green zone. This is a strong origin kink.

Targets are marked on the chart.

A daily candle closing below the invalidation level will invalidate this view.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You

Jan 20, 2025

Trade active

It dropped by over 41% and reached the entry zone. It is still valid and might move upward with a bit more time.