๐ $PONS CRACKS KEY SUPPORT AS MOVING AVERAGES ALIGN FOR A SHARP SHORT BREAKOUT! ๐จ
Entry: 0.2321 โก
Target: 0.222333 ๐ฏ
Stop Loss: 0.239913 ๐
Sellers are systematically pressing the bid on $PONS as price slices clean below the 200 EMA. ๐ With the 20, 50, and 200 EMAs locked in stacked bearish alignment and momentum breaking down across a 20-candle range, buyer absorption is evaporating fast.
๐ Relative strength is sliding under 39 while negative MACD expansion signals bears are front-running the next pocket of downside liquidity. If buyers fail to stage a reclaim here, the path of least resistance points straight toward fresh session lows.
๐ค Are you leaning short into this breakdown, or waiting for a relief retest before taking a position? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #PONS #ShortSetup #CryptoTrading #PriceAction
๐ โก
Entry: 0.2321 โก
Target: 0.222333 ๐ฏ
Stop Loss: 0.239913 ๐
Sellers are systematically pressing the bid on $PONS as price slices clean below the 200 EMA. ๐ With the 20, 50, and 200 EMAs locked in stacked bearish alignment and momentum breaking down across a 20-candle range, buyer absorption is evaporating fast.
๐ Relative strength is sliding under 39 while negative MACD expansion signals bears are front-running the next pocket of downside liquidity. If buyers fail to stage a reclaim here, the path of least resistance points straight toward fresh session lows.
๐ค Are you leaning short into this breakdown, or waiting for a relief retest before taking a position? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #PONS #ShortSetup #CryptoTrading #PriceAction
๐ โก
