🚀 $POND /USDT Technical Analysis 🚀
Current Price: $0.01920 (+9.22% in 24h)
Timeframe: 30m Chart on Binance
$POND has displayed a strong bullish move, reaching a 24h high of $0.02075 before consolidating near $0.01920. The current consolidation phase suggests potential for either a breakout or a minor retracement.
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Key Levels and Targets
1️⃣ Immediate Resistance: $0.01950
A breakout above this level could signal renewed bullish momentum.
2️⃣ Next Target Zone: $0.02050
A key level to watch for further upside momentum and trader interest.
3️⃣ Long-term Target: $0.02200
A psychological and technical level indicating sustained bullish strength.
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Trading Strategy
Short-term traders: Look for entries near $0.01900, targeting $0.01950 and $0.02050.
Long-term investors: Consider accumulating near $0.01850 support and holding for a potential move toward $0.02200.
📌 Support Levels:
Immediate support at $0.01850, with a stronger base at $0.01750.
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Recommendation
Secure partial profits as the price approaches resistance levels. Monitor trading volume for confirmation of a breakout above $0.01950, and adjust stop-loss levels to protect gains during potential pullbacks.