$PONS is trying to stabilize around 0.426 after the sharp sell-off, but the structure is still weak. The 0.4184 area is the key level to hold, while 0.434–0.435 needs to be reclaimed for momentum to improve.
For now, price is sitting below the short and medium moving averages, so I’d watch the next volume expansion rather than chase the move.
For now, price is sitting below the short and medium moving averages, so I’d watch the next volume expansion rather than chase the move.
