🚨 $PONS SLIPPING BELOW CRITICAL MOVING AVERAGES AS SELLERS TIGHTEN THEIR GRIP 📉
Entry: 0.1612 ⚡
Target: 0.155324 🚀
Stop Loss: 0.165901 ⚠️
Price action is suffocating below the major moving averages with the twenty, fifty, and two hundred all stacked clean for the bears. 📊 Momentum indicators like MACD and RSI are grinding lower without any aggressive buying support stepping in yet.
Volume is tapering off as the trend pulls back into continuation, signaling that sellers are maintaining control without facing heavy resistance. ⚡ The ADX confirms a steady trend is in play while structure continues to bleed downward.
💬 Are you looking to catch this continuation short or waiting for a deeper flush before entering? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PONS #ShortSetup #Bearish #Crypto #PriceAction
🐻 🩸
Entry: 0.1612 ⚡
Target: 0.155324 🚀
Stop Loss: 0.165901 ⚠️
Price action is suffocating below the major moving averages with the twenty, fifty, and two hundred all stacked clean for the bears. 📊 Momentum indicators like MACD and RSI are grinding lower without any aggressive buying support stepping in yet.
Volume is tapering off as the trend pulls back into continuation, signaling that sellers are maintaining control without facing heavy resistance. ⚡ The ADX confirms a steady trend is in play while structure continues to bleed downward.
💬 Are you looking to catch this continuation short or waiting for a deeper flush before entering? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PONS #ShortSetup #Bearish #Crypto #PriceAction
🐻 🩸
