$PONS is showing weakness at the current level, and a failed push higher could trigger a sharp reversal. If bearish pressure continues to build, the next lower support zones could come into focus.
Trading Ideas: Short $PONS
Safe Entry: 0.580 - 0.630
SL: According to your position size and risk management, or above 0.680
TP1: 0.550
TP2: 0.510
TP3: 0.480
Manage your position carefully, avoid chasing the move, and use appropriate leverage. Protect capital first and let the setup develop according to your plan.
DYOR (Do Your Own Research).
Trading Ideas: Short $PONS
Safe Entry: 0.580 - 0.630
SL: According to your position size and risk management, or above 0.680
TP1: 0.550
TP2: 0.510
TP3: 0.480
Manage your position carefully, avoid chasing the move, and use appropriate leverage. Protect capital first and let the setup develop according to your plan.
DYOR (Do Your Own Research).
