Technical analysis by dRends35 about Symbol PONKE: Sell recommendation (2/16/2025)

Quite a clean setup here.PONKE has had a heavy whipsawing pivot at the reverse 1.618 Golden Window taken from the 2 extremity pivots of accumulation.This topping pivot also prints a bull trap shakeout through the upper wedge trendline; tapping into higher liquidity beyond, triggering stop losses, then ripping back again.And now PONKE appears to be breaking down from a low time frame continuation pattern.This is exactly what the Pure Price Action gang look for as an entry.This is all while TOTAL is tight rope walking a limp ascending channel ;looking ready to dump hard.When it does it should be lights out for PONKE, at least in the short term.I am trading this with a x7 leverage short which has a liquidation way up above the top @ $0.175. I think I can hold this down to support @$0.11 or maybe more - we'll see 👍.Not adviceCheck my recent TOTAL idea to see the bigger picture of why I am short here - in linked ideasLook like a LTF V shaped recovery might be on here, so perhaps TOTAL will drift up and PONKE print a connect wave before the next wave down. I've reduced here and look to re-enter in the retracement Golden Window (0.618-0.786) above.Upper wick = back on