$PUNDIX /USDT – BEARISH REVERSAL LIKELY!

PUNDIX is up +2.73%, currently trading at $0.2902, but failing to hold above key resistance after a sharp rejection from $0.3152 (24h high). The chart is hinting at a potential short-term correction. Let’s analyze

KEY LEVELS:

Resistance (R1): $0.2940 (intraday supply zone)

Resistance (R2): $0.3152 (24h high, major resistance)

Support (S1): $0.2800 (near-term demand zone)

Support (S2): $0.2700 (key breakdown level)

Current Price: $0.2902

TRADE SETUP – SHORT ENTRY:

Entry: Sell between $0.2920–$0.2940

Take Profit (TP1): $0.2800

Take Profit (TP2): $0.2700

Stop Loss (SL): $0.3000 (above recent lower high)

RISK MANAGEMENT

Stick to a 1–2% risk per trade. Use a firm stop loss to protect capital. Avoid over-leveraging—patience is your edge

Price action suggests exhaustion near resistance – sellers may dominate short-term. Stay focused!

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