$PUNDIX USDT BEARISH PULLBACK – WEAK BUYERS FAIL TO RECLAIM LEVELS!
PUNDIX/USDT is showing a weak recovery after dropping to 0.2856, now trading at 0.2903. Price is still below both the 25 MA (0.2948) and 99 MA (0.2920), indicating that the bearish momentum remains dominant. The short-term 7 MA (0.2889) is just supporting minor relief but lacks strong bullish conviction.
🔻 TRADE SETUP:
Short Entry: 0.2910 – 0.2930
Targets: 0.2860 / 0.2820
Stop Loss: 0.2955
📊 MARKET OUTLOOK:
The downtrend remains intact as sellers continue to pressure any bounce. Failure to break above 0.2948 will likely lead to another leg down towards deeper support zones.
⚠️ RISK MANAGEMENT:
Use tight stop losses and position sizing to mitigate risks in such weak trend continuation setups.
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