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- PNUTUSDT Range Low Support| Deviation Bottom?
PNUTUSDT Range Low Support| Deviation Bottom?
A Deviation of the range low will allow for a Failed Auction type of entry for a long trade. This will need to be backed with increasing volume for a rise back towards the Range High.
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Updated Technical Analysis
Other key market developments
Market Psychology
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PNUTUSDT Long Trade 📈
In Today’s analysis -PNUTUSDT- still in a corrective phase, trading towards Range Low Support will allow for a long biased trade.
Points to consider ✍️
Range Low Support
Dynamic S/R Support
Daily S/R Support
Range High Target
Deviation Zone
PNUTUSDT remains range-bound, trading towards the lows will take out the current pSFP, this will allow for a deeper correction into Range Low Support.
A Deviation of the range low will allow for a Failed Auction type of entry for a long trade. This will need to be backed with increasing volume for a rise back towards the Range High.
Overall, in from Bitcoin Insider’s perspective, PNUTUSDT is a valid long with defined risk, price action it to be used upon discretion/ management. ✍️
Hope this analysis helps.
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