$PONS just squeezed $5.02K in short positions near $0.62207, adding fresh buying pressure as bears get forced out.
📍 Support: $0.6050
🚧 Resistance: $0.6400
🎯 Next Target: $0.6700
Holding $0.6050 could keep the upside move active toward $0.6400. A clean breakout above resistance may push $PONS toward $0.6700.
💡 Pro Tip: Watch $0.6400 with volume. Strong buying above this level could trigger another short squeeze.
Manage risk and wait for confirmation.
$PONS #USAugustPPIRisesLessThanExpected #SECApprovesNasdaqTexasCommodityTrustRule #ECBRaisesRatesSecondTimeTo2.5% #USContinuingJoblessClaims1.774M #AppleDebutsFoldablePhone