It appears to be completing a triangle, currently in Wave E.
From the red zone, it may move downward.
Below the chart, there is a liquidity pool, which could be the price target for a sweep.
The invalidation level is slightly far, so proper risk management and position sizing should be maintained
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
From the red zone, it may move downward.
Below the chart, there is a liquidity pool, which could be the price target for a sweep.
The invalidation level is slightly far, so proper risk management and position sizing should be maintained
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Trade active
This outlook on PNUT was correct, and TP1 was hit. It has dropped over 17% so far, and we expect it to drop further.
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.