$PUNDIX Explosive Rally Pauses Below Resistance: Is More Coming?
$PUNDIX is trading at $0.5587, up an impressive +57.47% on the day after surging from a low of $0.3415. Price is now consolidating just under resistance, hinting at a potential continuation if bulls maintain momentum.
Key Levels to Watch:
• Resistance Zone: $0.5610 – $0.5840
A clean breakout above this zone could trigger another leg higher toward:
• TP1: $0.6150
• TP2: $0.6520
• Support Zone: $0.5400 – $0.5100
A break below this range could bring a short-term pullback toward:
• TP1: $0.4700
• TP2: $0.4380
Trade Setup: Rocket Fueled or Cooling Off?
• Bullish Setup: A breakout above $0.5610 with strong volume could reignite buying interest for new highs.
• Bearish Setup: Rejection from current levels and loss of $0.5400 may signal profit-taking and a retrace.
• Stop-Loss Guidance: SL below $0.5100 for longs; above $0.5840 for shorts, depending on entry.
After a massive run-up, consolidation is healthy—but momentum may not be over just yet.