🔻 $PUNDIX /USDT – Weakness Taking Over! ⚠️📉
$PUNDIX surged earlier but now shows clear signs of exhaustion. After failing to hold above the $0.3273 resistance, the price is slipping into a bearish structure with lower highs and rising sell pressure — perfect conditions for a short scalp.
📊 Short Trade Setup:
• Entry Zone: $0.3120 – $0.3150
• 🎯 Target 1 (TP1): $0.3080
• 🎯 Target 2 (TP2): $0.3015
• 🛑 Stop Loss: $0.3205
⚙️ Technical View:
Price is moving inside a descending channel on the lower timeframes. Momentum indicators are flipping bearish with sellers stepping in aggressively post-rejection.
🛡 Risk Note:
Watch for a clean SL break; avoid overexposure. Stick to the plan and scale out as targets are met.
🔄 Strategy Breakdown:
Classic lower high rejection off key resistance with volume fading. The setup favors intraday short traders looking to ride the bearish wave to the next support zones.
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