$POND Strong Rejection From the Spike Signals More Downside Ahead
Trade Setup: Short
Entry Zone: 0.00135 – 0.00145
TP1: 0.00125
TP2: 0.00110
TP3: 0.00095
SL: 0.00162
After an explosive pump, $POND printed a sharp rejection with long upper wicks and strong bearish follow-through, showing that buyers failed to hold higher prices. The current structure favors a continuation to the downside as profit-taking and selling pressure dominate unless price reclaims the 0.00160 resistance area.
Trade Setup: Short
Entry Zone: 0.00135 – 0.00145
TP1: 0.00125
TP2: 0.00110
TP3: 0.00095
SL: 0.00162
After an explosive pump, $POND printed a sharp rejection with long upper wicks and strong bearish follow-through, showing that buyers failed to hold higher prices. The current structure favors a continuation to the downside as profit-taking and selling pressure dominate unless price reclaims the 0.00160 resistance area.