$PONS Short position 10x | The target level has finally been reached.
PONS has reached the target zone, making this trade ready to be executed. I’m already positioned; the next step is to see whether this offer zone holds.
Trading plan:
- Entry: 0.55640 – 0.56040
- TP1: 0.54420 (R:R 1:0.8)
- TP2: 0.53470 (R/R 1:1.3)
- TP3: 0.52050 (R/R 1:2.0)
- SL: 0.57730
Why this setup?
- The 4-hour chart continues to support the bearish thesis, with price reacting exactly where I expected: between 0.55640 and 0.56040, around 0.55840.
- The 15-minute RSI, showing 31, indicates an aggravated bearish trend; we need to see whether this zone can hold.
- Strong volume supports this move: 1.83x, with 3.72 million units ec
Entry: 0.55640 – 0.56040
TP1: 0.54420 (R:R 1:0.8)
TP2: 0.53470 (R/R 1:1.3)
TP3: 0.52050 (R/R 1:2.0)
SL: 0.57730
between 0.55640 and 0.56040, around 0.55840.
PONS has reached the target zone, making this trade ready to be executed. I’m already positioned; the next step is to see whether this offer zone holds.
Trading plan:
- Entry: 0.55640 – 0.56040
- TP1: 0.54420 (R:R 1:0.8)
- TP2: 0.53470 (R/R 1:1.3)
- TP3: 0.52050 (R/R 1:2.0)
- SL: 0.57730
Why this setup?
- The 4-hour chart continues to support the bearish thesis, with price reacting exactly where I expected: between 0.55640 and 0.56040, around 0.55840.
- The 15-minute RSI, showing 31, indicates an aggravated bearish trend; we need to see whether this zone can hold.
- Strong volume supports this move: 1.83x, with 3.72 million units ec
Entry: 0.55640 – 0.56040
TP1: 0.54420 (R:R 1:0.8)
TP2: 0.53470 (R/R 1:1.3)
TP3: 0.52050 (R/R 1:2.0)
SL: 0.57730
between 0.55640 and 0.56040, around 0.55840.
