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Technical analysis by weslad about Symbol POND: Buy recommendation (3/6/2025)

https://sahmeto.com/message/3298066
weslad
weslad
Rank: 34210
1.2

Pondusdt Buy opportunity

:Buy
Price at Publish Time:
$0.01164
Profit Target:
(+42.90%)$0.016633
Stop Loss Price:
(-22.68%)$0.009
Buy،Technical،weslad

The previously discussed breakout from the wedge structure on POND propelled the price toward the projected target. Following this move, a deep corrective phase ensued, bringing the price into a key support zone. This area of interest is expected to serve as a strong re-accumulation zone, while the main supply zone remains a critical resistance level to monitor for potential reversals for bullish continuation.

Source Message: TradingView
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