$PONS Faces Selling Pressure After a Sharp Rally
$PONS surged toward $0.3117 before facing rejection, and the 1H chart now shows lower highs with consecutive bearish candles. Sellers are gaining momentum, but confirmation below $0.2800 is important before entering.
SHORT TRADE SETUP
Entry: $0.2820–$0.2840
TP: $0.2750
SL: $0.2900
A breakdown could extend the pullback toward the target. If buyers reclaim $0.2900, the bearish setup weakens. Manage risk carefully after the strong rally.
Sell and Trade $PONS
$PONS surged toward $0.3117 before facing rejection, and the 1H chart now shows lower highs with consecutive bearish candles. Sellers are gaining momentum, but confirmation below $0.2800 is important before entering.
SHORT TRADE SETUP
Entry: $0.2820–$0.2840
TP: $0.2750
SL: $0.2900
A breakdown could extend the pullback toward the target. If buyers reclaim $0.2900, the bearish setup weakens. Manage risk carefully after the strong rally.
Sell and Trade $PONS
