PONS Just Delivered the Crash After the ATH Warning
This is the part people skip until it is already on the chart. Fresh longs near the top got punished. The short from around 0.88 is about 58 percent green, and price is sitting near 0.41.
đ„ Why I am watching
- The high was near 0.97 in September.
- Entry zone was around 0.88.
- Trendline break already happened.
- Inducement near 0.63 did not hold.
- Current price near 0.41 confirms the bearish read.
⥠The part that matters
- The trigger was a close under 0.63.
- That close is in.
- Sellers still have the structure.
- The lower box on the chart sits near 0.11.
- A 58 percent move is already big. Do not pretend it is small.
đŻ My trade idea
- Bias: Short continuation, with profits protected
- Trigger: hold below the lost 0.63 inducement
- Target: extended zone near 0.11
- Invalidation: HTF close back above 0.97
- Confidence: 66 percent
đĄ Where I step back
1. Take partial profits on the open short.
2. Leave a runner only if 0.63 stays lost.
3. Cut the idea if an HTF candle closes above 0.97.
4. No revenge long just because the drop looks stretched.
Still holding the short, or is 58 percent enough for you? đ
Tell me where you would place the rest of the stop.
Not investment advice - research on your own! đ
$PONS
This is the part people skip until it is already on the chart. Fresh longs near the top got punished. The short from around 0.88 is about 58 percent green, and price is sitting near 0.41.
đ„ Why I am watching
- The high was near 0.97 in September.
- Entry zone was around 0.88.
- Trendline break already happened.
- Inducement near 0.63 did not hold.
- Current price near 0.41 confirms the bearish read.
⥠The part that matters
- The trigger was a close under 0.63.
- That close is in.
- Sellers still have the structure.
- The lower box on the chart sits near 0.11.
- A 58 percent move is already big. Do not pretend it is small.
đŻ My trade idea
- Bias: Short continuation, with profits protected
- Trigger: hold below the lost 0.63 inducement
- Target: extended zone near 0.11
- Invalidation: HTF close back above 0.97
- Confidence: 66 percent
đĄ Where I step back
1. Take partial profits on the open short.
2. Leave a runner only if 0.63 stays lost.
3. Cut the idea if an HTF candle closes above 0.97.
4. No revenge long just because the drop looks stretched.
Still holding the short, or is 58 percent enough for you? đ
Tell me where you would place the rest of the stop.
Not investment advice - research on your own! đ
$PONS
