Down 70%! A whale cuts losses to the tune of 15 million—is $PONS a comeback against all odds or just a dead-cat bounce?
Only when the tide goes out do you find out who’s been swimming naked. A whale makes a desperate move to survive—but how can retail investors find gold in the ruins?
Renowned trader Bonk Guy’s holdings have shrunk from 26 million to 10.4 million. PONS is down 70% from its peak, and project revenue has plunged 99%. Fundamentals are flashing red, and much of the panic selling has already played out. After bottoming at 0.2735 on the 1-hour chart, the price rebounded. MACD has formed a bullish crossover below the zero line, RSI has recovered to 54, and short-term funds show net inflows of 1.21x, suggesting some speculative buyers may be stepping in. For long positions, consider a small entry on a pullback to around 0.3–0.31. For shorts, look for resistance around 0.34–0.35 on a rebound.
My personal view: The plunge in project revenue is a fatal flaw. The current rebound is more likely a sentiment recovery and short squeeze. Don’t go in heavily or hold on blindly—trade short-term and move quickly!
#9月CPI来袭原油美债走势如何 #美国以太坊ETF连续10日净流出 #Avalanche称韩国KSD平台将支持其账本
Only when the tide goes out do you find out who’s been swimming naked. A whale makes a desperate move to survive—but how can retail investors find gold in the ruins?
Renowned trader Bonk Guy’s holdings have shrunk from 26 million to 10.4 million. PONS is down 70% from its peak, and project revenue has plunged 99%. Fundamentals are flashing red, and much of the panic selling has already played out. After bottoming at 0.2735 on the 1-hour chart, the price rebounded. MACD has formed a bullish crossover below the zero line, RSI has recovered to 54, and short-term funds show net inflows of 1.21x, suggesting some speculative buyers may be stepping in. For long positions, consider a small entry on a pullback to around 0.3–0.31. For shorts, look for resistance around 0.34–0.35 on a rebound.
My personal view: The plunge in project revenue is a fatal flaw. The current rebound is more likely a sentiment recovery and short squeeze. Don’t go in heavily or hold on blindly—trade short-term and move quickly!
#9月CPI来袭原油美债走势如何 #美国以太坊ETF连续10日净流出 #Avalanche称韩国KSD平台将支持其账本