PNTUSDT 4H Long setup; Bounce at support area
TA explained
PNT painted a huge bullish candle when breaking the resistance level. After some consolidation it was broken again and price was able to fixate above that area. Price confirmed support area after bouncing multiple time from it. Local descending trendline is broken which could be the start of a new bullish trend.
Trade setup
Best entries: 1.3099 -1.4594
TP1: 1.7911
TP2: 2.2249
TP3: 2.5983
SL: 1.0620
RR: 3.79
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
PNT painted a huge bullish candle when breaking the resistance level. After some consolidation it was broken again and price was able to fixate above that area. Price confirmed support area after bouncing multiple time from it. Local descending trendline is broken which could be the start of a new bullish trend.
Trade setup
Best entries: 1.3099 -1.4594
TP1: 1.7911
TP2: 2.2249
TP3: 2.5983
SL: 1.0620
RR: 3.79
Max leverage: 1x
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
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