The crypto market is heating up today, and one of the standout movers is $PUNDIX/USDT. The pair is currently trading at $0.4873 (+11.00%), showing a strong parabolic rally and heading toward its 24-hour high of $0.4951. The real question is—can it break through resistance and launch higher, or is a rejection likely?
Let’s break down the technical setup and trading strategy.
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Current Price Snapshot
Current Price: $0.4873
24H High: $0.4951
Key Support: $0.4620
Resistance (Breakout Level): $0.4950
After a deep pullback, $Pundix has bounced back with strong momentum and solid volume, forming a bullish setup that traders should watch closely.
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$Pundix Trade Setup
Ideal Entry Zone:
If you’re looking for an optimal entry, consider buying within the following zone:
Entry Range: $0.4750 – $0.4850
This zone offers a favorable risk-to-reward entry point, especially if there's a minor dip before continuation.
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Target Levels (TP):
If the breakout is confirmed, these are the key profit-taking levels to watch:
TP1: $0.5000 – Psychological resistance and previous high
TP2: $0.5200 – Based on Fib extension and price momentum
TP3: $0.5450 – Next major resistance on the chart
These levels provide short- to mid-term profit opportunities.
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Stop Loss (SL):
Risk management is essential in any trade. Place your SL just below strong support to protect capital:
Stop Loss: $0.4620
A price drop below this level would signal a potential breakdown and invalidate the bullish setup.
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Market Insight: Breakout or Fakeout?
$PUNDIX is showing a classic breakout structure—strong volume, a rounded bottom formation, and resistance retest. The momentum is clearly favoring bulls.
A solid 15-minute candle close above $0.4950 with strong volume would likely confirm a breakout continuation. That could push price beyond $0.50 and into the next leg higher.
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Pro Tip:
Wait for confirmation. Don’t jump in blindly. A close above $0.4950 on the 15-minute chart is key.
Watch volume. Breakouts without volume often fail.
Don’t FOMO. Stick to the plan—entry, TP, and SL.
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Final Thoughts
The current $PUNDIX/USDT setup is highly bullish, but discipline is key. A well-structured trade with clear entry, defined TP levels, and a tight stop loss can provide excellent risk-reward. If the breakout confirms, this move could easily extend toward the $0.5200–$0.5450 zone.
Are you ready for the next leg up?
