$PUNDIX

Trade Signal: Cautious Long Setup (Post-Breakout Pullback)

1. Entry Point:

Buy Zone: $0.38 – $0.40

Price surged to $0.5148 and is now pulling back; a potential retest of support around the upper Bollinger Band ($0.3980) or near $0.38 could provide a safer entry.

2. Stop-Loss Placement:

Below local support: $0.355

This is just under the bullish breakout zone and provides protection if the move fails.

3. Take-Profit Targets:

TP1: $0.46 – Below recent high, conservative exit for quick gains

TP2: $0.51 – $0.52 – Retest of recent spike high

TP3 (aggressive): $0.55+ – Only if momentum and volume continue

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Indicators Overview:

RSI(6): 71.45 – Near overbought; indicates strength but signals caution

Bollinger Bands: Price is currently outside upper band – suggesting a possible short-term pullback or consolidation

Volume: Significantly increased – supports the strength of the breakout

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Risk-to-Reward Estimate (TP1): ~1.6:1

Trade Type: Short-term swing with tight management