$PONS just swept a key level and reclaimed it.
The 1h/4h context still favors sellers, and aggressive buyers are showing better follow-through.
I would rather see price reject around $0.4133–$0.4154 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.4165.
Would you take the retest on $PONS, or wait for one more confirmation?
#PONS #Trading
Trade plan: SHORT
Entry: $0.4133 - $0.4154
SL: $0.4165
TP1: $0.4126
TP2: $0.4101
TP3: $0.4093
The 1h/4h context still favors sellers, and aggressive buyers are showing better follow-through.
I would rather see price reject around $0.4133–$0.4154 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.4165.
Would you take the retest on $PONS, or wait for one more confirmation?
#PONS #Trading
Trade plan: SHORT
Entry: $0.4133 - $0.4154
SL: $0.4165
TP1: $0.4126
TP2: $0.4101
TP3: $0.4093
