A 4‑hour candle just slipped beneath the ~0.0352 pivot, turning today’s 45 % rally into a potential flash‑crash.
Read on before the next swing wipes out the gains 👇
Price is flashing bearish – EMA 7 is under EMA 25 and RSI hovers near 40, hinting at weakening momentum. Yet the volume‑profile point‑of‑control still clings to the 0.050 area, a lingering pocket of buying that could stall a clean drop.
On the 4‑hour chart the key support sits around the ~0.032 zone; a close below the ~0.0369 invalidation would erase the bearish bias. If sellers stay in charge, the next target lies near the ~0.029‑0.030 area. Tap $PNT to pull up the chart and see these levels yourself.
I see the 4‑hour picture screaming lower, with the real risk being a break below the ~0.032 support.
If $PNT holds above that band I’ll break down why the next swing could rebound – follow me for that update.
What do you think the price will do around the ~0.032 level, $PNT? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #TopGainer #BinanceSquare
Read on before the next swing wipes out the gains 👇
Price is flashing bearish – EMA 7 is under EMA 25 and RSI hovers near 40, hinting at weakening momentum. Yet the volume‑profile point‑of‑control still clings to the 0.050 area, a lingering pocket of buying that could stall a clean drop.
On the 4‑hour chart the key support sits around the ~0.032 zone; a close below the ~0.0369 invalidation would erase the bearish bias. If sellers stay in charge, the next target lies near the ~0.029‑0.030 area. Tap $PNT to pull up the chart and see these levels yourself.
I see the 4‑hour picture screaming lower, with the real risk being a break below the ~0.032 support.
If $PNT holds above that band I’ll break down why the next swing could rebound – follow me for that update.
What do you think the price will do around the ~0.032 level, $PNT? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #TopGainer #BinanceSquare
