š“ $POL /USDT ā Bearish Reversal Alert š
$POL is currently in a strong bearish reversal, dropping 3.88% to 0.2380 after failing to sustain above 0.2536. The market shows high selling pressure, but extreme oversold conditions suggest a potential short-term bounce.
š Trade Setup (Short-Term / Rebound Watch):
š° Entry: Current levels near 0.2380
šÆ Targets (Potential Bounce):
⢠TP1: 0.2424
⢠TP2: 0.2465
š Stop Loss: 0.2353
š” Technical Insight:
RSI: 24.6581 (deeply oversold) ā indicates a likely short-term bounce.
MACD: Strong bearish momentum ā overall trend remains negative.
Market Prediction: Expect a brief rebound due to oversold conditions, but the bearish trend may continue unless buying volume picks up significantly.
ā” Outlook: Cautious bullish for short-term rebound; avoid chasing rallies and manage risk carefully!