PONS/USDT — BIG BOUNCE, BUT IS THE TREND REALLY CHANGING?
🛑 Short Signal SET-UP ⬇️
PONS is showing some strength today, currently trading around $0.1625, up nearly 9.5%.
Looking at the charts, the 1H timeframe shows a sharp recovery from the $0.145 area, while the 4H chart has printed a strong bullish candle.
But there's something important to watch: the bigger trend is still bearish. The daily chart continues to show a clear series of lower highs and lower lows.
Key Levels to Watch:
- Resistance: $0.1665 – $0.1700
- Support: $0.1580
- Next supports: $0.1530 – $0.1480
My Trading Signal: SHORT 🔴
- Entry: $0.1640 – $0.1660 (on rejection)
- TP1: $0.1530
- TP2: $0.1480
- TP3: $0.1430
- Stop Loss: $0.1710
My Take: I wouldn't chase this sudden pump. The price is approaching resistance, and the daily trend hasn't confirmed a reversal yet. I'll be watching for rejection before considering a short.
Wait for confirmation and manage your risk. Don't enter blindly.
$PONS
#WhatWillDriveCryptoandStocks’NextRebound?
🛑 Short Signal SET-UP ⬇️
PONS is showing some strength today, currently trading around $0.1625, up nearly 9.5%.
Looking at the charts, the 1H timeframe shows a sharp recovery from the $0.145 area, while the 4H chart has printed a strong bullish candle.
But there's something important to watch: the bigger trend is still bearish. The daily chart continues to show a clear series of lower highs and lower lows.
Key Levels to Watch:
- Resistance: $0.1665 – $0.1700
- Support: $0.1580
- Next supports: $0.1530 – $0.1480
My Trading Signal: SHORT 🔴
- Entry: $0.1640 – $0.1660 (on rejection)
- TP1: $0.1530
- TP2: $0.1480
- TP3: $0.1430
- Stop Loss: $0.1710
My Take: I wouldn't chase this sudden pump. The price is approaching resistance, and the daily trend hasn't confirmed a reversal yet. I'll be watching for rejection before considering a short.
Wait for confirmation and manage your risk. Don't enter blindly.
$PONS
#WhatWillDriveCryptoandStocks’NextRebound?
