$POND /USDT Analysis Update
Current Price: $0.02426 (+8.78%)
Pattern: Bullish breakout followed by consolidation. The price continues to respect the higher low structure, indicating strength and potential continuation.
Entry
Long above $0.02430 for breakout confirmation (adjusting for current price movement).
Targets
First Target: $0.02480 (adjusted for momentum).
Second Target: $0.02550.
Stop Loss
Place at $0.02350 for effective risk management.
Next Move
Bullish Bias: The price must sustain above support to maintain momentum.
Watch for volume confirmation on the breakout to signal further gains.
If rejected, a retest of lower support could occur before another breakout attempt.
Key Levels to Watch:
Support: $0.02350
Resistance: $0.02500