$POND
๐ POND/USDT Technical Analysis: Ready for a Breakout? ๐
POND is currently trading at $0.01970, holding steady near a critical decision zone. The price is showing signs of consolidation, but a potential breakout could be on the horizon. Letโs dive into the key levels to watch:
Support Zone: The immediate support lies at $0.01950, where buyers have consistently stepped in to defend the price. A bounce from this level could trigger renewed bullish momentum.
Resistance Zone: The key resistance is at $0.02000, a psychological and technical barrier. A breakout above this could open doors to the $0.02100โ$0.02200 range.
Entry Strategy:
Bullish Setup: Enter on a breakout above $0.02000, targeting $0.02100โ$0.02200. Use a stop-loss below $0.01950.
Bearish Setup: Consider shorts if the price breaks below $0.01950, with targets at $0.01900โ$0.01850.
With increased trading activity and key levels being tested, POND is poised for action. Will it break free of resistance or dip further? Keep your eyes on the charts and trade smart! ๐
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