$PUNDIX / USDT Potential Short Reversal Trade Setup
Setup: Potential Short Reversal after testing resistance.
Entry: $0.5615 - $0.5635 (around the current price, looking for bearish confirmation)
Stop Loss: $0.5700 (just above the recent high)
Targets:
* $0.5570 (EMA(7))
* $0.5500
* $0.5450 (below EMA(25))
Confirmation:
* Bearish candlestick forming after testing the $0.6499 high.
* Decreasing buying volume.
* Price breaking below short-term support levels.
Risk/Reward: ~1:2 to 1:3+
Leverage: 1x-3x (high volatility, manage risk carefully)
Watch for: Strong bearish momentum to confirm the reversal. Be cautious if the price continues to rise above $0.5700.
Trade here: click $PUNDIX
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