$PONS Getting beaten down at the highs—the bears aren’t done yet
The bulls in this PONS rally are really hurting. It surged to 0.4255 and they were just about to call it a bull run, then got slapped straight back down. Each bounce is weaker than the last, like someone’s forcing its head lower. It’s now around 0.395, with the moving averages turning down and the price below them—it can’t even bounce properly.
Keep an eye on 0.40–0.405. It’s like a ceiling: every attempt to break through gets knocked back. Until it can get above that level, the weakness will persist. 0.39 is the first support below; if it breaks, watch for 0.377.
Bro Kuan leans bearish: if a bounce gets rejected at 0.40–0.405, that’s an opportunity to open a short. Don’t chase the drop—wait for a bounce before shorting for a better risk-reward.
If you’re unsure which way it’s headed, come discuss it with us at Ju Cai Zhuang: #币安推出BinanceIntelligence
The bulls in this PONS rally are really hurting. It surged to 0.4255 and they were just about to call it a bull run, then got slapped straight back down. Each bounce is weaker than the last, like someone’s forcing its head lower. It’s now around 0.395, with the moving averages turning down and the price below them—it can’t even bounce properly.
Keep an eye on 0.40–0.405. It’s like a ceiling: every attempt to break through gets knocked back. Until it can get above that level, the weakness will persist. 0.39 is the first support below; if it breaks, watch for 0.377.
Bro Kuan leans bearish: if a bounce gets rejected at 0.40–0.405, that’s an opportunity to open a short. Don’t chase the drop—wait for a bounce before shorting for a better risk-reward.
If you’re unsure which way it’s headed, come discuss it with us at Ju Cai Zhuang: #币安推出BinanceIntelligence