$POND
/USDT Technical Analysis 🎯
Current Price: $0.01959 (-8.33%)
24h High: $0.02158
24h Low: $0.01923
POND/USDT has been under selling pressure, dropping by 8.33% in the past 24 hours. However, its current structure shows potential for a rebound from its key support zone. Here's the detailed analysis:
Key Levels to Watch:
1️⃣ Immediate Support: $0.01900 – If POND maintains this level, we might see buyers stepping in.
2️⃣ First Target: $0.02050 – A minor resistance where the price could consolidate.
3️⃣ Second Target: $0.02120 – Breaking this level could confirm bullish momentum.
4️⃣ Third Target: $0.02200 – A psychological resistance and a key area to take profits.
Indicators:
RSI: Currently oversold, indicating a possible reversal.
Volume: A rise in trading volume could trigger a breakout above $0.02050.
Trading Strategy:
Entry: Near $0.01900 (Support zone).
Targets: $0.02050 ➡️ $0.02120 ➡️ $0.02200.
Stop Loss: Below $0.01870 to manage risk.
Caution: Monitor BTC's movement as it might influence POND's trend.
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