#POND
Let’s break down the POND/USDT weekly chart
Structure Clues:
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Swing Low: $0.00686 (pivot bottom, market likely exhausted sellers).
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Current Price: $0.01174, a strong bounce with back-to-back bullish weekly candles.
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Break of Structure (BoS): Price has now closed above recent swing highs around 0.01025, indicating a potential trend reversal.
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The recent green candle suggests strong bullish momentum — confirmation of shift from bearish to bullish structure.
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Fibonacci Retracement Analysis
If we draw a Fib retracement from the recent swing high ($0.01554) to the swing low ($0.00686):
23.6% ≈ 0.00912 → already broken
38.2% ≈ 0.01063 → currently above this level
50% ≈ 0.01120 → just crossed
61.8% ≈ 0.01178 → current resistance zone
78.6% ≈ 0.01347
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Implication:
POND is currently testing the golden ratio zone (61.8%).
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A break above 0.01178 with strong volume and a candle close may open the path toward 0.01347 and eventually 0.01554 (full retracement).
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RSI and Volume Analysis
RSI (6): At 59.26 – bullish momentum increasing but not overbought.
Volume: Rising with price — a positive sign of conviction behind the move.
Market strength is aligning with structural shift.
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Strategic Outlook
Bias: Bullish
Key Levels to Watch:
Support: $0.0106 and $0.0091 (Fib & structure levels)
Immediate Resistance: $0.01178 (Fib 61.8%)
Next Targets: $0.01347 (78.6%) and $0.01554 (full retrace high
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Suggestions:
Breakout Buy: Entry on strong close above 0.01178
TP1: $0.01347
TP2: $0.01554
SL: Below $0.0105 or $0.0098 (recent structure low)
Pullback Buy: Re-entry if price dips to 0.0105–0.0108 zone, with signs of support or bounce.
