$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.