PNUTUSDT SFP LONG | 70% Rally ?

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. ✍️