+45% in a day and the chart is already telling you the party favors are running out đš
That green candle at 16:00 yesterday pumped 35% in four hours. Then came the hangover â a 24% red candle right after. Classic pump-and-fade footprint.
Here's what the structure is really saying đ
Price is around 0.035, stuck below key moving averages near 0.038 and 0.045. Heavy ceiling overhead. RSI at 40 â not oversold, momentum still down. Volume profile shows most trades near 0.050, so recent buyers are underwater. That zone is now resistance, not support.
The levels that matter on this 4H read are simple.
Current pivot is around 0.035. If $PNT can't reclaim roughly the 0.037 area on a close, the path of least resistance stays lower.
The objective zone sits near 0.032 â that's where the last swing low found buyers. Lose that and the air gets thinner.
My read: this is a falling knife with a weak grip. The bounce off the 0.0215 low looks like short-term profit-taking, not real accumulation. Chasing the Top Gainer tag without respecting the downtrend structure is the real risk.
Tap $PNT on the chart and trace those two big candles yourself â the story is right there in the wicks.
Follow me for the follow-up if this level breaks or holds â I'll dissect the next move, not just describe it đ
Which level are you trusting more on $PNT right now â the 0.032 floor or the 0.037 ceiling? đ
â ïž Not financial advice. DYOR.
#PNT #Crypto #Altcoins #BinanceSquare
That green candle at 16:00 yesterday pumped 35% in four hours. Then came the hangover â a 24% red candle right after. Classic pump-and-fade footprint.
Here's what the structure is really saying đ
Price is around 0.035, stuck below key moving averages near 0.038 and 0.045. Heavy ceiling overhead. RSI at 40 â not oversold, momentum still down. Volume profile shows most trades near 0.050, so recent buyers are underwater. That zone is now resistance, not support.
The levels that matter on this 4H read are simple.
Current pivot is around 0.035. If $PNT can't reclaim roughly the 0.037 area on a close, the path of least resistance stays lower.
The objective zone sits near 0.032 â that's where the last swing low found buyers. Lose that and the air gets thinner.
My read: this is a falling knife with a weak grip. The bounce off the 0.0215 low looks like short-term profit-taking, not real accumulation. Chasing the Top Gainer tag without respecting the downtrend structure is the real risk.
Tap $PNT on the chart and trace those two big candles yourself â the story is right there in the wicks.
Follow me for the follow-up if this level breaks or holds â I'll dissect the next move, not just describe it đ
Which level are you trusting more on $PNT right now â the 0.032 floor or the 0.037 ceiling? đ
â ïž Not financial advice. DYOR.
#PNT #Crypto #Altcoins #BinanceSquare