❌ PONS Stop Loss Hit — Can This Support Stop the Decline?
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Transparency is always important to me, and whenever a Stop Loss is triggered, I will report it clearly.
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Pons was unable to resist the strong sell-off across the crypto market, and $PONS eventually lost the key $0.286 trading level.
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Now the story moves to the next important area.
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Price is approaching the Support Zone ($0.2430-$0.2625) together with the Cumulative Long Liquidation Leverage ($0.256-$0.264).
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This confluence could create a short-term reaction, but with the broader crypto market still under pressure, I would not rush into another position without confirmation.
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For now, this area is the main decision point:
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🟢 Buyers defend ($0.2430-$0.264) → Short-term rebound becomes possible
🔴 Support breaks → The correction could continue lower
⠀
Can this support structure stop the decline?
⠀
Transparency is always important to me, and whenever a Stop Loss is triggered, I will report it clearly.
⠀
Pons was unable to resist the strong sell-off across the crypto market, and $PONS eventually lost the key $0.286 trading level.
⠀
Now the story moves to the next important area.
⠀
Price is approaching the Support Zone ($0.2430-$0.2625) together with the Cumulative Long Liquidation Leverage ($0.256-$0.264).
⠀
This confluence could create a short-term reaction, but with the broader crypto market still under pressure, I would not rush into another position without confirmation.
⠀
For now, this area is the main decision point:
⠀
🟢 Buyers defend ($0.2430-$0.264) → Short-term rebound becomes possible
🔴 Support breaks → The correction could continue lower
⠀
Can this support structure stop the decline?
