A 45% pump on a 4H chart usually means someone is about to get handed a bag. $PNT spiked to 0.0657, rejected 24% the next candle, and has bled ever since.
The top-gainer label is a rearview mirror. The daily chart is buried under a bearish fair-value gap from ~0.1259 to 0.1724 — an overhead ceiling until proven otherwise. RSI sits at 27.65. Oversold in a downtrend isn't a buy signal; it's a warning. 4H confirms: seven red of twelve, EMAs sloping bearish, RSI failing to reclaim 50. Futures are quiet — no open interest, flat funding. That's not calm. That's no conviction.
The pivot is 0.0357. As long as $PNT stays below the invalidation zone near 0.0386, the path points toward ~0.0300. A daily close above 0.0386 flips the script toward gap fill at 0.1259. Until then, the trend weighs heavy.
Tap $PNT to walk the chart. Follow for an update if invalidation gets tested.
What's the one level you trust more — support near 0.0300 or resistance at 0.1259? PNT 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #TopGainer
The top-gainer label is a rearview mirror. The daily chart is buried under a bearish fair-value gap from ~0.1259 to 0.1724 — an overhead ceiling until proven otherwise. RSI sits at 27.65. Oversold in a downtrend isn't a buy signal; it's a warning. 4H confirms: seven red of twelve, EMAs sloping bearish, RSI failing to reclaim 50. Futures are quiet — no open interest, flat funding. That's not calm. That's no conviction.
The pivot is 0.0357. As long as $PNT stays below the invalidation zone near 0.0386, the path points toward ~0.0300. A daily close above 0.0386 flips the script toward gap fill at 0.1259. Until then, the trend weighs heavy.
Tap $PNT to walk the chart. Follow for an update if invalidation gets tested.
What's the one level you trust more — support near 0.0300 or resistance at 0.1259? PNT 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #TopGainer