$PONS just changed character — I would pay attention to this structure shift.
What stands out here is that volume is running about 2.7x its recent pace, the 1H move is +3.99%, and open interest is up 3.3%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bullish, and the current 1h structure agrees. That keeps the advantage with buyers for now.
The next test is around $0.6992. A clean hold above that area would strengthen continuation; rejection there would make a pullback more likely.
Do you see the same structure on $PONS, or are you reading it differently?
#PONS #Trading
Trade plan: LONG
Entry: $0.674
SL: $0.4939
TP1: $0.8541
TP2: $1.0342
TP3: $1.2142
What stands out here is that volume is running about 2.7x its recent pace, the 1H move is +3.99%, and open interest is up 3.3%. That gives the move real context instead of treating every candle as a signal.
The multi-timeframe read is leaning bullish, and the current 1h structure agrees. That keeps the advantage with buyers for now.
The next test is around $0.6992. A clean hold above that area would strengthen continuation; rejection there would make a pullback more likely.
Do you see the same structure on $PONS, or are you reading it differently?
#PONS #Trading
Trade plan: LONG
Entry: $0.674
SL: $0.4939
TP1: $0.8541
TP2: $1.0342
TP3: $1.2142
