PNT/USDT Bounce from the key area. Bullish Momentum ??

٢٣ يناير

💎 PNT's recent market dynamics have been noteworthy, particularly with its positioning in the bullish area.

💎 Currently, PNT has executed a perfect bounce after reaching this bullish zone. The upcoming target for PNT may be the resistance area at 0.187. A successful breakout from this resistance, probability could pave the way for a smoother movement towards our target, the bearish OB area.

💎However, should PNT struggle to sustain itself in the bullish OB area, resulting in a breakdown, this could be indicative of a bearish shift. The subsequent movement would likely be downward, with the next significant level being the demand area.

💎 The demand area acts as the final stronghold for the bullish trend in this scenario. PNT must respond positively in this area, initiating a bounce and reclaiming the position above the bullish OB area. Failure to exhibit strength in the demand area could lead to a breakdown, signaling a continued descent.