🚨 $PUNDIX / USDT – SHORT TRADE SIGNAL 🔴
🔥 Market Overview:
$PUNDIX has faced a strong rejection around the $0.3430 zone after an aggressive rally, signaling buyer exhaustion. The price is now testing the intraday support around $0.3230, forming a lower high structure — an early indication of a potential short-term downtrend continuation. If momentum persists, a move toward the $0.29 zone looks likely.
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🔑 Key Levels:
Resistance Zone: $0.3330 – $0.3430
Support Zone: $0.2900 – $0.3000
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📊 Trade Setup (SHORT Position):
💰 Entry Zone: $0.3230 – $0.3250
🎯 TP1: $0.3050
🎯 TP2: $0.2893
🛑 Stop Loss: $0.3430
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💡 Market Outlook:
Price is failing to break above previous resistance, confirming short-term weakness.
Bearish momentum visible on the 1-hour timeframe following rejection wicks.
A sustained drop below $0.3200 will confirm a continuation toward $0.30 and below.
Volume also shows decreasing buying pressure, aligning with a short bias.
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⚡ Strategy & Risk Management:
Risk/Reward Ratio: ≈ 3 : 1
Suitable for short-term intraday traders.
Once TP1 hits, move SL to entry to protect gains.
Avoid overleveraging; market volatility expected around $0.32 region.
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📉 Summary:
✅ Strong rejection from $0.34 zone.
✅ Targets: $0.3050 → $0.2893.
✅ Bearish bias remains valid below $0.33.