$POL /USDT – BEARISH BREAKDOWN AHEAD?

Technical Outlook:

POL/USDT is trading at $0.2256 (-5.01%), showing signs of weakness after rejecting from recent highs. The bearish momentum is taking control as price flirts with key support.

Key Levels to Watch:

Resistance Zones:

$0.2420 – Major Resistance (24h High)

$0.2270 – Minor Intraday Resistance

Support Zones:

$0.2214 – Key Support

$0.2192 – Daily Low

$0.2080 – Major Breakdown Level

Trade Setup: SHORT ENTRY

Entry: $0.2255 – $0.2260

Stop Loss (SL): $0.2285 (Above resistance)

Take Profit (TP):

TP1: $0.2215

TP2: $0.2190

TP3: $0.2080 (Extended target)

Confirmation: Look for a 15m or 1h candle close below $0.2230 for added confidence in breakdown

Risk Management:

Use 2% max of your capital per trade. Always wait for confirmation before entering. Stick to SL & avoid revenge trading

Trend is your friend... until it bends!

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