A 45% pump on a 24-hour chart that’s already rolling over. That’s not a rally — that’s a liquidity event. And the chart underneath is still bleeding.
$PNT tagged a high near 0.035 and immediately got sold. The 4h candles tell the real story: a massive green spike, then six red candles grinding it back down. Price is now below every meaningful average. RSI is barely holding above 40 — no real bid stepping in. Volume is thin. This is a dead-cat drift, not accumulation.
The level that matters: 0.0369. That’s the 4h invalidation zone. If price can’t reclaim that area, the path of least resistance stays lower. Next likely stop is around 0.032. Below that, the daily opens toward 0.030. The macro weekly points toward 0.022 if momentum keeps fading. Tap $PNT to pull up the chart and read these zones yourself.
My read: this bounce is running on fumes. Sellers are still in control above 0.035.
I’ll keep updating $PNT as it tests these levels — follow so you see the next read. What’s the one zone you’re watching closest here? 👇
Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #Altcoins
$PNT tagged a high near 0.035 and immediately got sold. The 4h candles tell the real story: a massive green spike, then six red candles grinding it back down. Price is now below every meaningful average. RSI is barely holding above 40 — no real bid stepping in. Volume is thin. This is a dead-cat drift, not accumulation.
The level that matters: 0.0369. That’s the 4h invalidation zone. If price can’t reclaim that area, the path of least resistance stays lower. Next likely stop is around 0.032. Below that, the daily opens toward 0.030. The macro weekly points toward 0.022 if momentum keeps fading. Tap $PNT to pull up the chart and read these zones yourself.
My read: this bounce is running on fumes. Sellers are still in control above 0.035.
I’ll keep updating $PNT as it tests these levels — follow so you see the next read. What’s the one zone you’re watching closest here? 👇
Not financial advice. DYOR.
#PNT #Crypto #BinanceSquare #Altcoins