Recently, PNUT is undoubtedly one of the most popular Meme coins. Since it was launched on Binance less than four days ago, it has risen from the bottom to the high point in the past two days, and the increase has reached 450%. Many investors have made huge profits. Congratulations to all friends who have made money.
However, today PNUT began to pull back after reaching the high point of 2.5, and failed to break through the high point again. Generally speaking, for such a hot currency, once it enters the adjustment stage, it may be difficult to hold the current position.
Here I would like to remind everyone to pay attention to risks and avoid chasing highs. If the 1.7 support level is broken, it may soon drop to around 1.4.
If investors are interested in bottom-fishing in spot layout, it is recommended to wait for the price to drop below 1.4 and then build positions in batches.
In terms of contracts, do not go long easily, and the callback volatility may reach 10-20 percentage points.
