$POND Trading Signal: Strong Momentum Alert
$POND has surged by over 10% in the last 24 hours, reaching a high of $0.02853. The price action reflects strong bullish momentum, backed by increasing volume and a breakout from key levels. Traders should prepare for further upward movement or a potential retracement opportunity.
Current Price: $0.02681
Trade Setup:
Long Entry: Above $0.02720
Target 1: $0.02800
Target 2: $0.02900
Target 3: $0.03000
Stop-loss: $0.02580
Short Entry: Below $0.02650
Target 1: $0.02550
Target 2: $0.02450
Target 3: $0.02350
Stop-loss: $0.02750
Market Insight:
With RSI at 68, $POND still has room for upward movement before entering overbought territory. A confirmed breakout above $0.02720 could push the price higher, while a drop below $0.02650 may signal short-term weakness. Manage your trades with caution as volatility remains high.