$PONS looks stretched after the recent pump.
Price is now sitting near the 0.61 area after a sharp rejection from 0.84+. With futures volume still high, I’m watching the next resistance retest closely.
My short zone: 0.645–0.665
SL: 0.695
TP1: 0.600
TP2: 0.575
TP3: 0.550
If 0.70 gets reclaimed with strong volume, I’m out of the short idea.
Would you short the rejection or wait for another confirmation? #pons
#CryptoDropbit
Price is now sitting near the 0.61 area after a sharp rejection from 0.84+. With futures volume still high, I’m watching the next resistance retest closely.
My short zone: 0.645–0.665
SL: 0.695
TP1: 0.600
TP2: 0.575
TP3: 0.550
If 0.70 gets reclaimed with strong volume, I’m out of the short idea.
Would you short the rejection or wait for another confirmation? #pons
#CryptoDropbit