$PONS - Trade Setup - WAIT, don't market buy mid-range

Setup picked: Auction-fade (mid-range sit-out, fade the edge back to mid). Quad-only read, daily = INSUFFICIENT DATA (27 bars, fresh listing, no weekly bias).

The plan:

- Buy zone 0.604-0.615 (why: daily base + recent 4H swing lows). Price now 0.638 = mid-range (0.301-0.986 box, M 0.644), chasing here is the middle.

- Trigger only after: 1H close back above 0.644 (1H EMA21) after a tap of the zone. Start 1/3, add full size on 4H close above 0.650 (4H EMA21/50 cluster). No trigger = no trade.

- Breakdown short only if 4H closes below 0.598 with volume, then retest 0.604-0.610 to sell.

Stop / Targets (entry mid 0.6095):

- Hard stop 0.594 (under 0.60 round + swing base)

- TP1 0.644 (range M / 1H EMA) take 50% - R about 2.2

- TP2 0.666 (recent 4H supply) take rest - R about 3.6

When we're wrong (close basis, wicks don't count):

- 4H close below 0.594 kills the long idea - cut to 30% or flat

- 1H acceptance back below 0.630 after trigger = failed reclaim, close rest

- BTC D1 close below 83.1k (breakdown leg) = cut longs, stand aside

Why wait: PONS below 4H EMA21/50 (0.650/0.648) + 1H below EMAs, last 4H volume dead, funding near neutral (0.003%/hr) with slight long lean (premium 0.10%, OI about 104M PONS), BTC grinding 86k down to 84k - no alt aggression into that #write2earn