$POND is trading at $0.00931585 USDT, reflecting an increase of 0.01210% compared to the previous closing level. The daily price range has been between $0.00872479 and $0.00965607, indicating moderate volatility.

Trading Idea

Based on the current price, traders may consider entering a buy position if POND maintains support above $0.0087. This support aligns with recent lows and could provide a foundation for a potential upward move. The initial target could be the resistance level of $0.0096, with further potential towards $0.010 if the bullish momentum continues.

Stop Loss Strategy

To manage risk effectively, a stop loss should be set around $0.0085, just below the recent support level. This position allows for potential upside while protecting against a drop below the established support. A drop below $0.0085 could signal a bearish trend, necessitating caution.

Risk Considerations

The cryptocurrency market is inherently volatile, and POND's recent price movement may be influenced by broader market trends and investor sentiment. Monitoring market conditions and adjusting trading strategies accordingly is crucial.