Trading Signals for $PONKE
Action: Long Position
Entry Range: $0.2940 - $0.3020
Stop-Loss (SL): $0.2900 - $0.2970
Take-Profit (TP): $0.3100 - $0.3473
PONKE is currently demonstrating a consolidation pattern near its daily high of $0.3039, following a strong 11.18% rally in the past 24 hours. The volume-to-market-cap ratio of 6.73% suggests moderate liquidity, suitable for scalping. Additionally, the token has retraced from its daily high, signaling potential support near $0.2940, where buying pressure could emerge. With a circulating supply near its maximum, scarcity factors may drive short-term volatility.
The recommended scalping strategy focuses on capturing intraday momentum as PONKE consolidates. The tight SL protects against sudden downturns, while the TP levels align with resistance zones identified in recent price action. Monitor closely for a breakout beyond $0.3039 to maximize profits.
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🚨 Note: Trade at your own risk. DYOR.
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