PONDUSDT Demand Zone Formation and 50% Upside Potential 📊
💎 #PONDUSDT formed a potential bottom on June 10, followed by an impressive 83% price surge. During its upward movement, #POND confidently broke above the downtrend trendline, indicating a possible shift in the long-term trend. However, after bouncing off the supply zone, #PONDUSDT experienced a significant pullback, with the price correcting down to the 78.6% Fibonacci retracement level at $0.0078.
💎 What's intriguing is the precise bounce off this Fibonacci support, accompanied by a clean rebound from the uptrend trendline. Consequently, a demand zone has been established, and as long as a new lower low is not formed, we can anticipate further upside, with a retest of the supply zone near the 78.6% Fibonacci resistance.
💎 Once/if our upside target is reached, a gain of over 50% will be achieved. Overall, the risk-to-reward ratio for buyers looks favorable, and the MCP team is eagerly awaiting the opportune moment to join this bullish journey.
💎 What's intriguing is the precise bounce off this Fibonacci support, accompanied by a clean rebound from the uptrend trendline. Consequently, a demand zone has been established, and as long as a new lower low is not formed, we can anticipate further upside, with a retest of the supply zone near the 78.6% Fibonacci resistance.
💎 Once/if our upside target is reached, a gain of over 50% will be achieved. Overall, the risk-to-reward ratio for buyers looks favorable, and the MCP team is eagerly awaiting the opportune moment to join this bullish journey.
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Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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