$PONS broke out — now the retest matters.
The 1h/4h context still favors sellers, and aggressive selling is still showing up.
I would rather see price reject around $0.2942–$0.2964 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.2983.
Would you take the retest on $PONS, or wait for one more confirmation?
#PONS #Trading
Trade plan: SHORT
Entry: $0.2942 - $0.2964
SL: $0.2983
TP1: $0.2916
TP2: $0.2916
TP3: $0.2823
The 1h/4h context still favors sellers, and aggressive selling is still showing up.
I would rather see price reject around $0.2942–$0.2964 than short after the move is already stretched. The setup is invalid if price cleanly crosses $0.2983.
Would you take the retest on $PONS, or wait for one more confirmation?
#PONS #Trading
Trade plan: SHORT
Entry: $0.2942 - $0.2964
SL: $0.2983
TP1: $0.2916
TP2: $0.2916
TP3: $0.2823