A new $PONS 24-hour low has appeared.
24h: -10.43%, current price: 0.14, previous low: 0.141.
Structurally, a new low means the bulls’ defensive line has been breached. On the rebound, the first thing to watch is whether price can reclaim the previous low. If it can’t, the weakness will continue; only if it does may a bottoming structure form. Are you leaning bullish or bearish in the short term?
24h: -10.43%, current price: 0.14, previous low: 0.141.
Structurally, a new low means the bulls’ defensive line has been breached. On the rebound, the first thing to watch is whether price can reclaim the previous low. If it can’t, the weakness will continue; only if it does may a bottoming structure form. Are you leaning bullish or bearish in the short term?