$PUNDIX demonstrates confident growth: current price $0.3284, +7% over 24 hours. Let's analyze the prospects and trading plan based on technical analysis! 📊
Analytics: $PUNDIX is moving in an ascending channel on the daily chart. A breakout at the $0.32 level confirms bullish momentum, supported by increasing volume and an RSI around 60, indicating potential for further growth without overbought conditions. Fundamentally, Pundi X is strengthening its position in the crypto payments sector by integrating with POS terminals, enhancing investor interest. However, market volatility requires caution.
Bullish scenario:
• Entry point: $0.33 (retest of the level).
• TP: $0.38 (nearest resistance), $0.45 (medium term).
• SL: $0.30 (support).
• Plan: After entry, move SL to breakeven when reaching $0.35.
Bearish scenario:
• Entry point: $0.30 (upon breaking the current support).
• TP: $0.27 (lower boundary of the channel).
• SL: $0.335.
• Plan: Wait for confirmation of reversal (for example, a bearish candle on high volume).
Recommendations: Use no more than 5% of the deposit and leverage up to 3x to minimize risks. Always apply stop losses!
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