Trading Signals for $PONKE

Action: Long and Short Positions

Entry Range:
Long Entry: $0.3450 - $0.3600
Short Entry: $0.3600 - $0.3700

Stop-Loss (SL):
Long: $0.3420
Short: $0.3740

Take Profit (TP):
Long: $0.3700 - $0.4000
Short: $0.3450 - $0.3200

PONKE has exhibited significant price volatility over the past 24 hours, with an 18.69% increase in price and trading volume surging by 200.15%. The volume-to-market-cap ratio of 11.97% indicates high liquidity, making it suitable for scalping.

The price is currently testing resistance at $0.3630 after rebounding from a support level near $0.3043. If the price consolidates around $0.3450-$0.3600, a breakout could occur. The RSI is neutral, suggesting no immediate overbought or oversold conditions.

For long positions, wait for a breakout above $0.3600 with confirmation on higher volume. Place stop-losses tightly at $0.3420 to limit risk.

For short positions, watch for rejection near $0.3630-$0.3700, entering shorts with a stop-loss above $0.3740.

🥂Trade Here👇

🚨 Note: Trade at your own risk. Always DYOR.

#Binance250Million #BinanceAlphaAlert #BTCRebounds95K #XRPBackInTop3 #PONKE $BTC

💡 Tip Jar: If you found this information valuable, feel free to support! Click the $ icon below. 🙌