$PONS has reached a level that’s truly worth watching.
Watch for support around $0.30; if it breaks below, don’t try to call the bottom.
Only once it reclaims $0.35–0.38 can we say the recovery is beginning.
For those who are bullish on PONS long term, the current price does offer a better risk-reward ratio than at $0.50 or $0.60, but I still prefer scaling in rather than betting on a bottom all at once.⛰️
Watch for support around $0.30; if it breaks below, don’t try to call the bottom.
Only once it reclaims $0.35–0.38 can we say the recovery is beginning.
For those who are bullish on PONS long term, the current price does offer a better risk-reward ratio than at $0.50 or $0.60, but I still prefer scaling in rather than betting on a bottom all at once.⛰️