$PUNDIX Local breakout or reversal? Let’s break down the chart 📈
Friends, no hype or emotions. PUNDIX delivered a strong impulse — the price is $0.1314, up more than +30% in a day, and trading volumes have clearly come alive.
What’s important to understand right now:
Positive: On the daily time frame, the asset has found a bottom around $0.0718 and is trying to break a prolonged downtrend. We broke through the moving averages (EMA 21, 50, 99) — now the $0.090–$0.096 zone is our key support area.
Risks: The RSI(14) indicator has shot into the overbought zone (81.04). The asset is locally overheated. Jumping in at current prices amid FOMO is very risky.
Conclusion: The impulse is strong, but technically a healthy pullback or consolidation seems likely. It’s safer to wait for a correction and see whether the price holds the $0.11–$0.10 level, rather than buying at the very peak of the candle.
What do you do in situations like this — enter on volume or wait for a pullback?
$PUNDIX
Friends, no hype or emotions. PUNDIX delivered a strong impulse — the price is $0.1314, up more than +30% in a day, and trading volumes have clearly come alive.
What’s important to understand right now:
Positive: On the daily time frame, the asset has found a bottom around $0.0718 and is trying to break a prolonged downtrend. We broke through the moving averages (EMA 21, 50, 99) — now the $0.090–$0.096 zone is our key support area.
Risks: The RSI(14) indicator has shot into the overbought zone (81.04). The asset is locally overheated. Jumping in at current prices amid FOMO is very risky.
Conclusion: The impulse is strong, but technically a healthy pullback or consolidation seems likely. It’s safer to wait for a correction and see whether the price holds the $0.11–$0.10 level, rather than buying at the very peak of the candle.
What do you do in situations like this — enter on volume or wait for a pullback?
$PUNDIX
