๐ด SHORT $PONS (โฑ๏ธ Timeframe: 1H - 4H)
๐ Entry: 0.8100 - 0.8300
๐ SL: 0.8650
๐ฏ TP1: 0.7800
๐ฏ TP2: 0.7400
๐ฏ TP3: 0.7250
Price is currently retesting the crucial 0.80 resistance zone after a massive bounce from the 0.7272 low. The structure shows a clear bearish engulfing on the higher timeframe, with this level acting as a strong supply zone after the recent breakdown. The move off the lows was corrective, not impulsive, and the momentum is stalling as price approaches the 24h high rejection zone. A retest of this area offers a high-probability short entry, with a stop above the recent swing high. Targets align with the 24h low and major support at 0.7250, where liquidity sits below.
Trade Here ๐
$DASH
$ZEC
#PONS #TradeSetup #TechnicalAnalysis #WriteToEarnUpgrade #Write2Earn
โ ๏ธ Not financial advice. Always manage your risk.
๐ Entry: 0.8100 - 0.8300
๐ SL: 0.8650
๐ฏ TP1: 0.7800
๐ฏ TP2: 0.7400
๐ฏ TP3: 0.7250
Price is currently retesting the crucial 0.80 resistance zone after a massive bounce from the 0.7272 low. The structure shows a clear bearish engulfing on the higher timeframe, with this level acting as a strong supply zone after the recent breakdown. The move off the lows was corrective, not impulsive, and the momentum is stalling as price approaches the 24h high rejection zone. A retest of this area offers a high-probability short entry, with a stop above the recent swing high. Targets align with the 24h low and major support at 0.7250, where liquidity sits below.
Trade Here ๐
$DASH
$ZEC
#PONS #TradeSetup #TechnicalAnalysis #WriteToEarnUpgrade #Write2Earn
โ ๏ธ Not financial advice. Always manage your risk.
