PONS Moon Calls Vanished After the Crash to 0.37
Everyone wanted PONS to moon above 0.93. I was watching the risk instead. Now price is at 0.37, and those loud upside calls are mostly gone.
đ„ Why I am watching
- The short is already about 58 percent in profit.
- From the 0.97 ATH, PONS is down about 63 percent.
- HTF structure broke and delivered the bearish path.
- The 0.6258 flip zone is far above where price sits now.
đ What the move showed
- Chasing above 0.93 was the trap, not the entry.
- Broken structure did the talking after the warning.
- Hype disappeared once the chart actually moved.
- This is why I do not marry a target.
đŻ My trade idea
- Bias: Short, but take the win
- Trigger: Structure stayed broken through 0.37
- Target: 0.10 if bearish structure continues
- Invalidation: HTF close above 0.9724
- Confidence: 65 percent
đ The part that matters
If you caught this short, book profits and protect capital. 0.10 can still get tested, but it is not a requirement to hold the whole position.
Would you close the short here or leave a runner for 0.10? đ
Tell me where you would place invalidation.
Not investment advice - research on your own! đ
$PONS
Everyone wanted PONS to moon above 0.93. I was watching the risk instead. Now price is at 0.37, and those loud upside calls are mostly gone.
đ„ Why I am watching
- The short is already about 58 percent in profit.
- From the 0.97 ATH, PONS is down about 63 percent.
- HTF structure broke and delivered the bearish path.
- The 0.6258 flip zone is far above where price sits now.
đ What the move showed
- Chasing above 0.93 was the trap, not the entry.
- Broken structure did the talking after the warning.
- Hype disappeared once the chart actually moved.
- This is why I do not marry a target.
đŻ My trade idea
- Bias: Short, but take the win
- Trigger: Structure stayed broken through 0.37
- Target: 0.10 if bearish structure continues
- Invalidation: HTF close above 0.9724
- Confidence: 65 percent
đ The part that matters
If you caught this short, book profits and protect capital. 0.10 can still get tested, but it is not a requirement to hold the whole position.
Would you close the short here or leave a runner for 0.10? đ
Tell me where you would place invalidation.
Not investment advice - research on your own! đ
$PONS