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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Today’s report will include:

  • Updated Technical Analysis

  • Other key market developments

  • Market Psychology

  • Trading Tools

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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Trading Psychology  🧠 

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