$POND $POND
🌊 POND/USD Update: Trading at $0.02046 – Can It Hold the Support? 🚀
Marlin (POND) is currently priced at $0.02046, showing potential for both short-term and long-term traders. Here’s a quick technical breakdown of key support, resistance, and entry strategies for the POND/USD pair.
Key Levels to Watch:
Support Levels: Immediate support is at $0.020, with stronger backing around $0.018—potential buy zones if the price dips further.
Resistance Levels: POND faces resistance at $0.022, with a critical level at $0.024. A break above these could signal bullish momentum.
Entry Strategy:
For Longs: Look to enter near $0.020, targeting a breakout above $0.022 with a stop-loss around $0.018 for protection.
For Shorts: Monitor for price rejection near $0.022 and consider taking profits at $0.020 or below.
Technical Outlook: POND is holding steady above key moving averages, suggesting a possible consolidation phase before the next move. Volume is gradually increasing, supporting the case for a breakout.
Will POND hold above $0.020, or will resistance take control? Drop your thoughts and trade strategies below! 📈
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