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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.
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1:37 PM • Nov 17, 2024
Trading Psychology 🧠
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