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$PONS COULD BE HEADING FOR AN 80% CRASH
I Told You Many Times: Avoid Taking Fresh Positions At ATH Levels. #PONS Is Already Around 32% Down From Its ATH, As I Mentioned Yesterday.
The HTF Trendline Has Already Been Broken And Price Is Showing A Bearish Structure. However, I Am Not Confirming A Full Bearish Bias Yet.
The Key SMC Inducement Level Is $0.6258. If Any 4H Candle Closes Below This Level, I Will Flip Bearish.
Below $0.6258, The Downside Expansion Could Be Significant, With Potential Targets In The 40%–80% Downside Range.
Invalidation: HTF Close Above The ATH / $0.9724.
For Now, I Will Wait For Clear SMC Confirmation Before Making The Final Decision