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Strong rebuy setup for PNUT (8H)

571
Note: This is not a sell/short setup | it is a buy/long setup.

After clearing resistance order blocks and a strong bullish move, buyers seem to have exhausted their momentum and may need a retracement for price to return to their base.

We are looking for a rebuy within the green zone. The price is likely to move from this area toward the red box.

A daily candle closing below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
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