$PONS UPDATE | 40% DUMP FROM OUR ENTRY #PONS has now dumped ~40% from our bearish entry level. Hope you enjoyed the move and booked some solid profits. More importantly, the $0.6258 inducement/support zone has now been broken, confirming further bearish pressure. My next expectation: 40–80% additional retracement First major zone: $0.3786 Deeper target: $0.10 I’m still expecting #PONS could eventually retrace toward the $0.10 area if bearish momentum continues. As long as price remains below the key invalidation zone, I’ll stay bearish.