A certain exchange lists PONS and CASHCAT perpetual contracts
The pattern of listing-related news has been reviewed many times, and generally has three stages:
① News breaks: sentiment surges first, and the candlestick chart often rises;
② Around launch: profit-taking is most concentrated, and “sell the news” is common;
③ After launch: focus returns to fundamentals, and whether trading volume can be sustained is what matters.
$PONS Latest: 0.3107, 24h: -7.03%. It is still in stage ①.
The initial post-launch high often becomes an important short-term resistance level.
#PONS
The pattern of listing-related news has been reviewed many times, and generally has three stages:
① News breaks: sentiment surges first, and the candlestick chart often rises;
② Around launch: profit-taking is most concentrated, and “sell the news” is common;
③ After launch: focus returns to fundamentals, and whether trading volume can be sustained is what matters.
$PONS Latest: 0.3107, 24h: -7.03%. It is still in stage ①.
The initial post-launch high often becomes an important short-term resistance level.
#PONS