$POND
/USDT: Consolidating with Potential for Reversal ๐๐๐ฅ
Current Price: 0.02237 USDT (-0.97% in 24h)
Momentum: Neutral to Bearish
Trade Strategy
Bullish Setup:
Buy: Around 0.02240
Targets:
๐ฏ 0.02300 (Short-term resistance)
๐ฏ 0.02400 (Next resistance zone)
Stop-Loss: Below 0.02200
Bearish Setup:
Short: If price drops below 0.02200
Targets:
๐ฏ 0.02150
๐ฏ 0.02100
Stop-Loss: Above 0.02300
Watch Out:
RSI: Look for a potential reversal if RSI starts rising from the oversold zone.
MACD: A bullish crossover could indicate the start of an uptrend after the recent dip.
Possibility 1: Bullish Reversal
The price could find support at 0.02200, leading to a bounce towards 0.02300 or 0.02400.
Possibility 2: Continued Downtrend
A break below 0.02200 could push the price lower, targeting 0.02150 or 0.02100.
Monitor price action and adjust your strategy accordingly for the next move!
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