$PUNDIX

PUNDIX/USDT Short Trade Setup 🔥

Current Price: $0.4399

Resistance Level: $0.4500

📉 Entry and Target Levels:

Entry Range: $0.4380 - $0.4430

Stop Loss: $0.4550 (to ensure disciplined risk management).

Target 1: $0.4250

Target 2: $0.4100

Target 3: $0.3950

Market Analysis

The trend for $PUNDIX/USDT remains bearish, with the price encountering strong resistance around $0.4500. This level has consistently capped upward movement, reflecting heightened selling pressure. Recent attempts to break above key resistance have failed, reinforcing a downtrend outlook.

Volume analysis indicates increased selling momentum, as the price struggles to maintain its position above $0.4380, further confirming bearish sentiment. A rejection near $0.4430 or a decisive break below $0.4380 with strong volume could trigger further downside movement, targeting critical support levels.

Trading Strategy

💡 Pro Tip: Traders should look for confirmation of entry after a rejection near $0.4430 or a breakdown below $0.4380 with sustained selling pressure. Stick to a strict risk-reward strategy, and consider locking in partial profits as targets are achieved.

This short trade setup offers a strategic opportunity to capitalize on the prevailing bearish momentum while maintaining disciplined risk management. Focus on key support zones to secure gains and adjust positions as the market unfolds.

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