#PONKE Qidite Clean setup here.
90%
PONKE has had a heavy whipsawing pivot at the reverse 1.618 Golden Window taken from the 2 extremity pivots of accumulation.
This topping pivot also prints a bull trap shakeout through the upper wedge trendline; tapping into higher liquidity beyond, triggering stop losses, then ripping back again.
And now PONKE appears to be breaking down from a low time frame continuation pattern.
This is exactly what the Pure Price Action gang looks for as an entry.
This is all while TOTAL is tight rope walking a limp ascending channel; looking ready to dump hard.
When it does it should be lights out for PONKE, at least in the short term.
I am trading this with a x7 leverage short which has a liquidation way up above the top @ $0.175.
I think I can hold this down to support @$0.11 or maybe more - we'll see
