$PONS SHORT SETUP | 1H
The current structure supports a potential bearish continuation move.
Entry zone: 0.588–0.5914
Stop loss: 0.6091
Targets: TP1 0.5701 (1.01R) / TP2 0.5483 (2.13R) / TP3 0.5335 (2.9R)
Scale out: 20% / 30% / 50%
Considerations: price is away from the planned entry and may require a retest; the direction conflicts with the BTC 4H filter.
Status: Watchlist only — wait for confirmation before considering the setup.
The current structure supports a potential bearish continuation move.
Entry zone: 0.588–0.5914
Stop loss: 0.6091
Targets: TP1 0.5701 (1.01R) / TP2 0.5483 (2.13R) / TP3 0.5335 (2.9R)
Scale out: 20% / 30% / 50%
Considerations: price is away from the planned entry and may require a retest; the direction conflicts with the BTC 4H filter.
Status: Watchlist only — wait for confirmation before considering the setup.
