A 45% pump that’s already giving most of it back. That’s not momentum — that’s a trapdoor disguised as a green candle.
$PNT spiked to 0.065, then bled for eight candles. Classic failed breakout: rejected at the 0.050 high-volume node, now grinding near 0.035.
Short-term EMAs are sloping hard bearish on 4H and daily. RSI at 27 — oversold, but in a downtrend that just means sellers still own it.
The level that matters: a 4H close below 0.032 opens air down to the 0.022–0.024 demand shelf. Invalidation sits at 0.037 — a close back above that signals the dump is exhausting.
This pumped on thin volume and is deflating. The real risk isn’t missing the next leg up — it’s catching a knife with no structural support beneath it.
Tap $PNT to see how cleanly that rejection printed.
I’ll revisit if price reclaims 0.037 or breaks 0.032 with volume — follow so the update lands when it matters.
Where do you see the next real support zone for $PNT? 👇
Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #Altcoins
$PNT spiked to 0.065, then bled for eight candles. Classic failed breakout: rejected at the 0.050 high-volume node, now grinding near 0.035.
Short-term EMAs are sloping hard bearish on 4H and daily. RSI at 27 — oversold, but in a downtrend that just means sellers still own it.
The level that matters: a 4H close below 0.032 opens air down to the 0.022–0.024 demand shelf. Invalidation sits at 0.037 — a close back above that signals the dump is exhausting.
This pumped on thin volume and is deflating. The real risk isn’t missing the next leg up — it’s catching a knife with no structural support beneath it.
Tap $PNT to see how cleanly that rejection printed.
I’ll revisit if price reclaims 0.037 or breaks 0.032 with volume — follow so the update lands when it matters.
Where do you see the next real support zone for $PNT? 👇
Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #Altcoins