POND is sitting right on the edge, hovering just above the 0.00190 level, and I'm telling you, this is a critical moment - that order block zone is looking like a brick wall, and I expect a sweep of the lows to confirm our bearish bias.
Taking a step back, the high-time frame is bearish, with the RSI at 43, indicating there's still plenty of room for downside momentum to build. Volume is relatively low at 0.3x, but that's not uncommon when we're setting up for a bigger move. The SMC Score is a mediocre 3.1/10, which tells me the smart money is waiting for a clearer direction - and that direction is down.
Here are the key levels to watch:
Entry: 0.00194
TP1: 0.00156 (RR 3.3x)
TP2: 0.00099000 (RR 8.3x)
SL: 0.00205
We're shorting $PONDUSDT due to that bearish HTF, so keep a close eye on the order block zone - if we break down, it's going to get ugly fast. Short with a tight stop, target 0.00156 for a quick 3.3x return.
Followers, stay disciplined and let's ride this wave down - keep your stops tight and your eyes on the prize.
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