Everyone's caught up in the $PONS surge, but here's the trap nobody sees - it's coiled for a potential squeeze.
$PONS - LONG
Entry: 0.0397 – 0.041
SL: 0.037
TP1: 0.045
TP2: 0.05
TP3: 0.055
Why this setup? I'm looking at the 1H RSI which is currently at 73, the 15m ATR is at 0.002, my bias confidence is 70%, and there's a timeframe divergence between the 1H and 4H charts.
Debate: Are you fading this move or riding the potential reclaim of $0.06?
$PONS