$POND /USDT is currently trading at 0.01700, consolidating after a sharp upward move and subsequent retracement. The 15-minute chart indicates that the price is stabilizing near a key support level.
Immediate support is at 0.01650, while resistance lies at 0.01820. Entry at the current price of 0.01700 offers potential upside, with take-profit levels set at 0.01750, 0.01800, and 0.01850. To minimize risk, a stop-loss is advised at 0.01600.
Although RSI is around 46, suggesting neutral momentum, a rebound could lead to a retest of resistance levels.
Traders should watch closely for any signs of bullish reversal or breakdown at critical levels.