$POL Market Trend: Bearish, Consolidating After Downtrend
Trade Signal
Entry 1 (Short): $0.2521 (Current zone - for immediate continuation)
Entry 2 (Short): $0.2557 (Short on failed bounce to the middle band)
TP1: $0.2504
TP2: $0.2480
TP3: $0.2450
TP4: $0.2420
Stop-Loss: $0.2564 (Above recent high)
Why This Trade?
POL is in a clear downtrend, consistently trading below its middle Bollinger Band, which is a strong bearish signal. The Bollinger Bands have expanded downwards, indicating strong bearish momentum. The price is currently in a consolidation phase, which is likely a pause before another leg down in this bearish market.
Support & Resistance Levels
Support: $0.2504 • $0.2480 • $0.2450
Resistance: $0.2557 • $0.2564 • $0.2600
Market Update for POL (POL)
POL is currently experiencing strong negative momentum, with prices consolidating after a sharp decline. The overall market sentiment for POL is bearish, and traders are watching for a break below the current consolidation range to confirm further downside.
