Attention traders! 🚨 $POL /USDT is giving us an interesting movement right now.
The price of $0.2153, with a +1.60% for the day, shows signs of life! The 7-period moving average (MA7) is above the MA25, a short-term bullish signal, and the volume is picking up, which is always a good sign.
However, the 1-hour money flow chart tells us that the "big hand" has been selling more than it buys in the last 24 hours, and the total flow over 5 days is negative (-6.63M). Watch out for this! This could be a trap for the unwary, that manipulation we often see in the market. It’s crucial that the big "whales" stop offloading their POL.
The key here is for the price to stay above $0.2096, which seems to be a key support level. If it manages to break the resistance at $0.2180 (high in 24h) with convincing volume, we could see a bullish rally. But if it falls below that support, be careful! We could see a more pronounced pullback.
Patience and confirmation will be our best allies. Don’t get carried away by FOMO, and stay alert to the movements of the big players. HODL wisely!
