$POLYX cool’s off. After a strong rally toward the 200 EMA, the price has rejected at $0.18–$0.20 and is now pulling back with increased volume, signaling potential short-term exhaustion.
Massive volume surge during the breakout, followed by today’s high-volume red candle → likely profit-taking and short-term distribution. @Polymesh price action is really showing traders entering this play.
We remain neutral for the immediate short-term with a bullish long-term view.
Ideal Entry Zone:
$0.1500–$0.1600 → strong confluence of EMA support.
Stop-Loss:
Below $0.1450 (invalidates short-term structure)
Targets:
• TP1: $0.1800
• TP2: $0.1960
• TP3 (breakout extension): $0.23+
