$POND /USDT Technical Analysis: Momentum Building for the Next Move🔥💯
The $POND /USDT pair is currently trading at $0.01916, showing a recent bullish breakout from the demand zone highlighted in purple. This indicates strong buying interest in the $0.01820–$0.01850 range, which now acts as a reliable support.
Key Levels:
• Long Entry: If price sustains above $0.01930, potential targets are $0.02050 and $0.02120. Place stop-loss at $0.01870 to manage risk.
• Short Entry: A rejection from $0.02000 or a breakdown below $0.01870 could trigger short opportunities with targets at $0.01750 and $0.01680. Stop-loss for shorts at $0.01950.
Market Outlook:
The market structure favors bulls, with the recent volume surge suggesting accumulation. A decisive break above $0.02050 will likely confirm a trend reversal and open doors for higher levels. On the downside, losing the support zone at $0.01820 could invite further selling pressure.
Strategy:
Monitor the consolidation near $0.01900–$0.02000. Secure partial profits on long positions if price nears $0.02050. For shorts, wait for a clear breakdown or rejection from resistance to minimize false entries.
This setup offers both short-term scalping and swing trading opportunities, depending on the breakout or breakdown direction. Stay vigilant and stick to your trading plan for optimal results!