$PONS 30 A new daily low has been set.
24h: -14.47%, current price: 0.26, previous low: 0.2701.
Structurally, a new low means the bulls’ defense has failed. On a rebound, first watch whether the price can reclaim the previous low; if it can’t, the weakness is likely to continue. Reclaiming it could signal the formation of a bottom. Is this an opportunity or a trap?
24h: -14.47%, current price: 0.26, previous low: 0.2701.
Structurally, a new low means the bulls’ defense has failed. On a rebound, first watch whether the price can reclaim the previous low; if it can’t, the weakness is likely to continue. Reclaiming it could signal the formation of a bottom. Is this an opportunity or a trap?