šØ $POND
UNDER PRESSURE: Breakout or Breakdown Ahead? šØ
$POND is trading at $0.02304, down 7.13% over the last session. Following a recent high of $0.02800, the price has sharply corrected, indicating increasing selling pressure and looming volatility.
š” Key Levels to Monitor:
š Resistance 1: $0.02394 ā A move above this level could signal a recovery toward $0.02600.
š Resistance 2: $0.02626 ā Reclaiming this zone might attract bulls, aiming for $0.02800.
š Support 1: $0.02252 ā If this level breaks, could slide toward $0.02150.
š Support 2: $0.02100 ā Losing this support may trigger a deeper drop, testing $0.01930.
ā ļø Trade Setup:
Bullish Scenario: Long above $0.02350, with targets at $0.02394 and $0.02600.
Bearish Scenario: Short below $0.02252, aiming for $0.02150 and $0.02100.
Keep a close watch on these levels, as approaches a critical turning point. Manage your trades cautiously to navigate the volatility.