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$PONS Pons is showing some serious strength today, up +8.08% and pushing from a low of 0.54807 to a high of 0.66831. We're currently cooling off at 0.63657 on the 1H chart after a sharp rejection.



Here’s the read on the structure:
🔹 The Trend: This is still a textbook uptrend. The MAs (5, 10, 30) are fanning out beautifully, with the MA30 (orange line) way down at 0.60104 acting as the ultimate safety net.
🔹 The Pullback: We just printed a solid red candle that pushed price below the MA5 (0.64854) and MA10 (0.64201). The immediate momentum has shifted bearish.
🔹 The Safety Net: The MA30 (orange line) is sitting at 0.601, which has been the dynamic support guiding this recent leg up.

My take: This looks like a healthy retracement after a massive run, not a full reversal. I'm watching the 0.642 (MA10) level closely. If bulls defend this zone, I expect another run at the 0.668 highs. If we lose it, we probably test the 0.608 support zone.

Don't FOMO the green candles. Let the pullback play out. 🧘‍♂️
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PONSPONS+10.73%

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LogiStop
a few seconds ago
别FOMO说得对,我刚忍住了没追
0
MevVegan
12 minutes ago
The red candle looks a bit bearish, but the trend remains intact.
0View Original
YieldYogi
16 minutes ago
I placed an order at 0.608, hoping it gets filled.
0View Original
UnlockDate
20 minutes ago
First Review
The MA30 safety cushion looks quite solid; wait for a pullback confirmation before taking action.
0View Original