$POND /USDT Short Trade Setup – Potential Reversal on the Horizon 🔥💯
Entry Zone: $0.02700 - $0.02680
Take Profit 1 (TP1): $0.02580
Take Profit 2 (TP2): $0.02500
Stop Loss (SL): $0.02760
Market Observation:
$POND /USDT is showing signs of resistance near the $0.02700 zone, with lower highs forming on the 15-minute chart. A breakdown below $0.02680 could confirm bearish momentum, making it an ideal zone to watch for short entry opportunities.
Trade Strategy:
1. Entry: Enter a short position between $0.02700 and $0.02680.
2. Stop Loss: Set a tight SL just above the recent resistance at $0.02760 to manage risk effectively.
3. Targets: Secure partial profits at TP1 ($0.02580) and aim for TP2 ($0.02500) if the bearish trend continues.
Key Notes:
Monitor price action closely for confirmation of breakdown below $0.02680.
Volume and momentum will be critical indicators for follow-through to TP2.
Trade cautiously and manage risk effectively!