📉 $POND /USDT – BEARISH BREAKDOWN IMMINENT? 🚨

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🔍 Technical Analysis

$POND /USDT is showing signs of bearish pressure, currently trading at $0.00755 (-4.67%) after rejecting key resistance levels. The price is trending below all major moving averages:

MA(7): 0.00756

MA(25): 0.00760

MA(99): 0.00764

These MAs are acting as resistance, reinforcing the downside momentum.

📊 Key Levels

Resistance:

🔴 0.00794 (24h High)

🔴 0.00760–0.00764 (MA cluster zone)

Support:

🟢 0.00739 (24h Low)

🟢 0.00720 (Next major support zone)

🧨 Trade Setup – SHORT

Entry: $0.00755 – $0.00760

Stop Loss (SL): $0.00775 (above MA resistance)

Take Profit (TP):

🎯 TP1: $0.00739

🎯 TP2: $0.00720

🔄 Confirmation from MACD and Volume weakening further supports downside bias.

⚠️ Risk Management

📌 Risk/Reward Ratio: Minimum 1:2

💰 Only risk 1–2% of your capital per trade

🛡️ Adjust position sizing accordingly

💣 Stay sharp – the trend is your friend! 💣

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