๐จ $POL /USDT โ Oversold Breakdown or Bargain Entry? ๐
$POL is down to $0.2439 after a -2.52% move, with RSI scraping the bottom. Is this a flush before a reversal, or are the bears still in control? Letโs break it down! ๐
๐ Market Overview
๐ Current Price: $0.2439
๐ 24h High: $0.2574
โ๏ธ 24h Low: $0.2439 (Currently at the low โ key pivot!)
๐ Volume:
POL: 46.19M
USDT: 11.58M
๐ Moving Averages:
MA(7): $0.2507
MA(25): $0.2507
MA(99): $0.2391 (long-term support just below current price)
๐ RSI (6): 26.27 (Oversold โ potential bounce incoming)
๐ MACD: Momentum bearish but approaching possible reversal zone
๐ POL Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If POL reclaims $0.2450+):
Entry: Above $0.2480
Targets: $0.2570, $0.2650, $0.2750
Stop-Loss: $0.2390
๐น Bearish Scenario (If POL breaks below $0.2390):
Entry: Below $0.2380
Targets: $0.2310, $0.2250, $0.2150
Stop-Loss: $0.2480
๐ Should You Hold or Sell?
โ RSI near 25 = strong bounce potential on any bullish catalyst
โ Still above MA(99) = longer-term structure intact for now
โ ๏ธ Breakdown below $0.2390 = opens path to deeper losses
๐ก Pro Tip:
๐ Watch for a quick reclaim of $0.2480 on volumeโthat could spark a fast rally to $0.26+
๐ No volume = dead cat bounce riskโmanage your risk!
๐ข Whatโs your plan on $POLโscaling in or staying out? Letโs talk strategy in the comments! ๐
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