$POND — Bullish Channel Explained Simply 📈
$POND is moving higher inside a well-defined ascending channel after completing its pullback. Price continues to print higher lows, which shows buyers are consistently stepping in near support and keeping control of the trend.
As long as price holds above the lower boundary of the channel, the structure stays bullish and the market is more likely to push toward the upper resistance levels rather than break down.
Trade idea in plain words:
• Long entry zone: 0.00390 – 0.00405
• Upside targets:
• First resistance near 0.00420
• Next level at 0.00435
• Strong continuation toward 0.00455
• Invalidation: below 0.00370
POND
0.00398
+1.27%