PNUTUSDT SFP LONG | 70% Rally ?

A Falling Wedge pattern can be observed, the apex zone is in confluece with a key low. This increases the probability of the region being tested with a Swing Failure type of price action.

Today’s report will also include:

  • Updated Technical Analysis

  • Other key market developments

  • Market Psychology

  • Trading Tools

PNUTUSDT Long Trade 📈 

In today’s analysis -PNUTUSDT - trading in a local corrective phase, an acceleration towards a key low will allow for a long trade entry.

Points to consider ✍️ 

  • Falling Wedge Pattern

  • Value Area Low

  • Value Area High

  • Point of Control S/R

  • Swing High Objective

The current price action is at Value Area Low, here a bottoming structure will signify strengthen in PNUTUSDT.

A Falling Wedge pattern can be observed, the apex zone is in confluece with a key low. This increases the probability of the region being tested with a Swing Failure type of price action.

Overall, from Bitcoin Insider’s perspective, PNUTUSDT is a valid long with defined risk, price action it to be used upon discretion/ management once the targeted low gets taken out. ✍️

Hope this analysis helps.

Trading Tools ⚒️ 🔧 

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Blofin Deposit Bonus for Bitcoin Insider Readers 💰️ 💰️ 

X Segment 📰 🗞️ 

Trading Psychology  🧠

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