PNUT buy/long setup (12H)
Updated
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
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
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.
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