📊 PUNDIX | Buyer Confirmation Watch
PUNDIX is attempting to reclaim bullish market structure after bouncing from the recent demand zone. Price is now approaching the key $0.113–$0.116 resistance, where previous supply has repeatedly rejected upside attempts.
This is the level that matters.
A clean breakout alone isn't enough. Bulls need a strong daily close above resistance, followed by acceptance with rising volume. Without volume confirmation, any breakout risks turning into another fakeout.
🔍 What I'm Watching:
✅ Strong volume expansion
✅ Daily candle close above $0.116
✅ Successful retest of the breakout zone
✅ Sustained buyer participation
If buyers successfully defend this area after the breakout, the next liquidity target could shift toward the $0.1268–$0.1276 resistance zone.
However, if price fails to gain acceptance above resistance, another rejection toward the $0.106–$0.103 support area remains possible.
📌 Key Levels
🟢 Demand/Support: $0.106–$0.103
🟡 Buyer Confirmation: $0.113–$0.116
🔴 Major Supply: $0.1268–$0.1276
At this stage, volume is the missing piece. Price can move without volume—but sustainable trends rarely do.
⚠️ This is a market observation based on technical analysis and is for educational purposes only, not financial advice.
$PUNDIX $BTC $ETH
#PUNDIX #Crypto #TechnicalAnalysis #BinanceSquare #Altcoins #PriceAction #trading 😇
PUNDIX is attempting to reclaim bullish market structure after bouncing from the recent demand zone. Price is now approaching the key $0.113–$0.116 resistance, where previous supply has repeatedly rejected upside attempts.
This is the level that matters.
A clean breakout alone isn't enough. Bulls need a strong daily close above resistance, followed by acceptance with rising volume. Without volume confirmation, any breakout risks turning into another fakeout.
🔍 What I'm Watching:
✅ Strong volume expansion
✅ Daily candle close above $0.116
✅ Successful retest of the breakout zone
✅ Sustained buyer participation
If buyers successfully defend this area after the breakout, the next liquidity target could shift toward the $0.1268–$0.1276 resistance zone.
However, if price fails to gain acceptance above resistance, another rejection toward the $0.106–$0.103 support area remains possible.
📌 Key Levels
🟢 Demand/Support: $0.106–$0.103
🟡 Buyer Confirmation: $0.113–$0.116
🔴 Major Supply: $0.1268–$0.1276
At this stage, volume is the missing piece. Price can move without volume—but sustainable trends rarely do.
⚠️ This is a market observation based on technical analysis and is for educational purposes only, not financial advice.
$PUNDIX $BTC $ETH
#PUNDIX #Crypto #TechnicalAnalysis #BinanceSquare #Altcoins #PriceAction #trading 😇
