$PONS This round has been hammered from $0.7313 down to $0.6311, swallowing nearly a 14% amplitude—yet the bulls haven’t managed to organize even a decent rebound.
Trading volume is 108 million, with turnover of 158 million. In major coins, this isn’t a small scale, but the direction is entirely moving downward. The funding rate is +0.0120%, within a normal range, which indicates the shorts didn’t pay a high price to push it down—this is the spot-selling pressure driving the price lower, not a cascading liquidation reaction from the futures.
The key numbers are right on the table: the stop-loss is set at $0.6220 (if it breaks below the $0.6311 low, you admit it and cut). First, watch the rebound level at $0.6680 (the 38.2% retracement of the drop). Then target $0.6950. Losing 30 points to gain 40 to 75 points—this账（calculation/accounting）adds up.
Volume hasn’t shrunk, and there’s no sign that selling has stopped. In this situation, don’t rush to guess the bottom—wait until the day when momentum increases and the candle closes, then reassess.
#PONS
Trading volume is 108 million, with turnover of 158 million. In major coins, this isn’t a small scale, but the direction is entirely moving downward. The funding rate is +0.0120%, within a normal range, which indicates the shorts didn’t pay a high price to push it down—this is the spot-selling pressure driving the price lower, not a cascading liquidation reaction from the futures.
The key numbers are right on the table: the stop-loss is set at $0.6220 (if it breaks below the $0.6311 low, you admit it and cut). First, watch the rebound level at $0.6680 (the 38.2% retracement of the drop). Then target $0.6950. Losing 30 points to gain 40 to 75 points—this账（calculation/accounting）adds up.
Volume hasn’t shrunk, and there’s no sign that selling has stopped. In this situation, don’t rush to guess the bottom—wait until the day when momentum increases and the candle closes, then reassess.
#PONS