🔴 $PONS REJECTING KEY RESISTANCE AS SHORT-TERM EMAS ALIGN FOR A DOWNWARD CONTINUATION! 📉
Entry: 0.5922 ⚡
Target: 0.544552 🚀
Stop Loss: 0.630318 ⚠️
$PONS is showing heavy structural weakness on the 15-minute timeframe, with the 20, 50, and 200 EMAs perfectly stacked to suppress price action. 📉 Sellers are quietly maintaining firm control while RSI sits at 37, opening the door for a clean continuation downwards.
📌 Low volume on the bounce suggests weak buying pressure, making this feel like a prime retest into overhead supply. 📊 If sellers defend 0.5922, the path of least resistance points toward lower liquidity pockets. 🤔 Are you taking the short on this retest or waiting for further confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PONS #ShortSetup #Crypto #Bearish #Trading
🔴 🐻
Entry: 0.5922 ⚡
Target: 0.544552 🚀
Stop Loss: 0.630318 ⚠️
$PONS is showing heavy structural weakness on the 15-minute timeframe, with the 20, 50, and 200 EMAs perfectly stacked to suppress price action. 📉 Sellers are quietly maintaining firm control while RSI sits at 37, opening the door for a clean continuation downwards.
📌 Low volume on the bounce suggests weak buying pressure, making this feel like a prime retest into overhead supply. 📊 If sellers defend 0.5922, the path of least resistance points toward lower liquidity pockets. 🤔 Are you taking the short on this retest or waiting for further confirmation? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #PONS #ShortSetup #Crypto #Bearish #Trading
🔴 🐻
