A 45% pump on the board, yet the last 48 hours gave us 7 red candles and only 5 green — what’s actually happening under that +45% print?
The daily chart tells the real story. A bearish fair value gap sits overhead between ~12.6c and 17.2c, and the 7-day MA remains firmly below the 25-day. Sellers still have structural control. The 4H bounce from 2.15c to ~3.5c is trading well below the volume point of control near 5c — a reaction inside a downtrend, not a reversal.
The levels that matter: the current ~3.57c zone is the pivot. The read leans bearish — if $PNT stays below the invalidation area around 3.86c, the path of least resistance points lower. The objective sits near 3.0c; lose that and the macro weekly objective near 2.2c comes into focus. Tap $PNT to pull up the chart and walk these zones yourself.
My read: the 45% headline grabs attention, but the daily structure is still pointing down. The real risk is mistaking a sharp bounce for a new uptrend before price reclaims higher timeframe levels. I’ll update the read if $PNT challenges that 3.86c zone — follow so you catch it. Which level on the daily chart are you watching most closely right now? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare
The daily chart tells the real story. A bearish fair value gap sits overhead between ~12.6c and 17.2c, and the 7-day MA remains firmly below the 25-day. Sellers still have structural control. The 4H bounce from 2.15c to ~3.5c is trading well below the volume point of control near 5c — a reaction inside a downtrend, not a reversal.
The levels that matter: the current ~3.57c zone is the pivot. The read leans bearish — if $PNT stays below the invalidation area around 3.86c, the path of least resistance points lower. The objective sits near 3.0c; lose that and the macro weekly objective near 2.2c comes into focus. Tap $PNT to pull up the chart and walk these zones yourself.
My read: the 45% headline grabs attention, but the daily structure is still pointing down. The real risk is mistaking a sharp bounce for a new uptrend before price reclaims higher timeframe levels. I’ll update the read if $PNT challenges that 3.86c zone — follow so you catch it. Which level on the daily chart are you watching most closely right now? 👇
⚠️ Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare