Technical Analysis for #POND/USDT:
The current trading price for $POND is at $0. 01 , which represents a 97% decline from its All Time High, and only a 60% increase from its recent bottom.
Based on the chart, a significant move is expected in the coming days.
It is recommended to accumulate small quality for long-term investment purposes. The best entry point is within the entry box, which ranges from $0.0075 to $0. 01 . The stop-loss order should be set at $0.058, which may seem large, but is necessary to protect against potential losses.
The expected targets are high, thus presenting an opportunity for significant returns.
If the $0.0070 level is held, a big upward move may be seen.
A 30x increase is expected in the next bull run, with R1/R2/R3/R4 serving as the target.
The resistance levels to watch out for are at $0.027, $0.049, $0.1, and $0.23, while the support level is at $0.070.
The major resistance trendline is represented by the white line, which, when broken, indicates the potential for significant growth.
If gains are significant, it is important to keep in mind the stop-loss order to protect against potential losses.
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