Hi dear friends, hope you are well and welcome to the new trade setup of Marlin (POND) token with Bitcoin pair.
After an extreme drop on the 2-weekly chart, POND has formed another Gartley pattern .
I think it's a good time to buy POND
Lying on strong horizontal support level on higher timeframe, Forming triple bottom and descending triangle on 1D timeframe.
Expecting bounce from here in short term
Target mentioned in above chart
Stop if 1D close below 145
Buying POND here, Lying on very strong horizontal support level on higher timeframe. Forming triple bottom on 1D timeframe. MACD indicating bullish momentum ahead. Bullish OBV divergence on 4H timeframe. Target mentioned in above chart. STOP if 1D close 150.
PONDBTC is testing the daily resistance after a nice breakout from daily trendline. IF the price will have a breakout from the resistance and flip the it into new support, According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly...
Price breakout from falling wedge and currently accumulating within bullish pennant.
Make sure to follow the suggested entry zone.
Stop Loss is always important in trading do make sure to adhere with it.
this is a very interesting project one of the few alt coins that actually are true innovators.
you can trade it on short term or forget about it for some years I believe.
read their blog !
but for now the price looks good just to trade it.
