🚨 $PON BEARISH TRADE ALERT
$PON remains in a bearish structure, with price trapped near the $0.4100 support after a series of lower highs and lower lows. Sellers are still controlling the trend, and the recent bounce has failed to reclaim major resistance. A clean breakdown below $0.4100 could expose fresh downside liquidity, while only a strong reclaim above $0.4200 would begin to weaken the bearish setup.
Trade Setup
Entry: $0.4090 – $0.4120
Target 1: $0.4000
Target 2: $0.3900
Target 3: $0.3800
Stop Loss: $0.4200
How it's possible
- Market structure: Price remains slightly tilted toward sellers.
- Lower highs/lower lows: Recovery attempts are failing beneath the $0.4200 area.
- Support: $0.4100 is the key breakdown zone.
- Resistance: $0.4200 is the primary bearish invalidation level.
- Volume confirmation: Increasing sell volume on a break would validate downside continuation.
- Momentum: The current -0.65% move shows mild bearish pressure, so confirmation is important.
- Liquidity: A break below $0.4100 could trigger stops and accelerate the move.
- Breakdown/rejection: A close below support followed by a failed reclaim would provide stronger confirmation.
The setup is invalidated by a strong reclaim and hold above $0.4200.
“If price closes above $0.4200, the bearish setup fails and the trade should be exited to protect capital.”
Let’s go and Trade now $PONS
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