BOOM! $PUNDIX Shorts Just Got Wrecked!
Massive $1.51K Short Liquidation at $0.4209 just shook the bears off the cliff!
Looks like something BIG is cooking for $PUNDIX – momentum is building fast!
Technical Analysis Breakdown:
Current Price Action
The price just smashed through the $0.42 resistance, now acting as support.
Liquidation suggests short-squeeze potential; bulls might take control short-term.
Buy Zone:
$0.4100 – $0.4240
Wait for a retest near this zone for a safer entry. This was the battle zone where bears fell.
Target Zones:
TP1: $0.4550 (Local Resistance)
TP2: $0.4880 (Breakout Zone)
TP3: $0.5200 (Major Pump Target)
Stop Loss:
SL: $0.3980 (below support trendline – invalidation level)
Volume Analysis:
Increasing volume on green candles
RSI climbing, but not overbought
Bullish divergence seen in lower time frames
Risk-Reward Ratio:
Around 1:3.5, which is ideal for swing traders
Conclusion:
Bears got caught snoozing while bulls loaded up! If $PUNDIX holds above $0.4200, we could see a mini rally turn into a full-blown breakout!