Old timers, I'm back with #Pnut !
On March 1st, $PNUT made a strong surge of 70%, but it can be seen that it was suppressed by the 2H pressure band, and it fell back into the rising channel for consolidation. Many who chased the rise here got trapped.
On the 23rd, #PNUT tried to surge again for an upward breakout, but was still controlled by the 2H pressure band.
The terrifying suppressive power of the 2H pressure band is evident.
Currently, it is recommended to continue waiting on the right side for #PNUT to break out on some future day.
The optimistic aspect is that $PNUT is consolidating within the channel, with the bottom continuously rising. If it can hold the 0.19-0.197 area in the next few days, the probability of a bullish move upwards increases.
Follow me @PBGE_Shangyi, let's wait together for the right-side golden buying point.