🚨 $PONS BREAKDOWN EXTENSION NEEDS A RELIEF PULLBACK BEFORE THE NEXT CRASH 📉
Entry: 0.2277 - 0.2289 ⚡
Target: 0.2224 🎯
Stop Loss: 0.239 ⚠️
Sellers maintain total control across higher timeframes with a clean bearish EMA 50/200 stack on the 4H chart. 📉 However, price is trading 3.2 ATR below the 1H EMA50, signaling that momentum is heavily extended and chasing here offers poor risk-to-reward.
💡 Smart money waits for the relief rally into the supply zone to position for the next leg lower toward 0.2218 support. 📊 Momentum oscillators remain weak, but disciplined execution demands letting the counter-move complete before stepping in front of the trend.
💬 Are you waiting for the pullback into supply, or are you chasing the breakdown lower? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PONS #ShortSetup #CryptoTrading #PriceAction
🎯 🐻
Entry: 0.2277 - 0.2289 ⚡
Target: 0.2224 🎯
Stop Loss: 0.239 ⚠️
Sellers maintain total control across higher timeframes with a clean bearish EMA 50/200 stack on the 4H chart. 📉 However, price is trading 3.2 ATR below the 1H EMA50, signaling that momentum is heavily extended and chasing here offers poor risk-to-reward.
💡 Smart money waits for the relief rally into the supply zone to position for the next leg lower toward 0.2218 support. 📊 Momentum oscillators remain weak, but disciplined execution demands letting the counter-move complete before stepping in front of the trend.
💬 Are you waiting for the pullback into supply, or are you chasing the breakdown lower? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PONS #ShortSetup #CryptoTrading #PriceAction
🎯 🐻
