🐋 $PONS has hit a new 24-hour low, and selling pressure hasn't let up.
The current price is 0.2276, below the previous low of 0.2291, with 24-hour trading volume at $15 million.
There are often plenty of long-position stop-loss orders below the previous low, and breaking through it can trigger a cascade of stop-losses. Watch for large orders stepping in to buy at lower levels.
The current price is 0.2276, below the previous low of 0.2291, with 24-hour trading volume at $15 million.
There are often plenty of long-position stop-loss orders below the previous low, and breaking through it can trigger a cascade of stop-losses. Watch for large orders stepping in to buy at lower levels.