The bear rink rode over the alt: we take profit on the short at $POL ⚡️
When the global market sets strict rules, any attempts by buyers to break the initiative are shattered by strong resistance.
An impulsive break of support levels occurred with the formation of new local lows (LL) and a bearish structure break (CHoCH/BOS), which confirms sellers’ dominance and makes searching for short entry points on a pullback relevant.
📉 Trading setup:
Entry Zone: 0.0928 – 0.0940 (building a short position when the price retraces toward the order-block zone and mirrored resistance of the lower timeframe within the framework of a broader downtrend).
TP: 0.0880 (profit-taking at key support levels of the higher timeframe and the lower bound of the liquidity).
SL: Above 0.0955 (a close above the specified level will break the sell structure and invalidate the trading idea).
🧠 The trend is your best friend. Don’t try to catch falling knives against the market—wait for a retracement into the premium zone and take the move strictly according to the plan.
🚀 Перейти к торговле 👇
#Polygon #cryptotrading #TechnicalAnalysis
When the global market sets strict rules, any attempts by buyers to break the initiative are shattered by strong resistance.
An impulsive break of support levels occurred with the formation of new local lows (LL) and a bearish structure break (CHoCH/BOS), which confirms sellers’ dominance and makes searching for short entry points on a pullback relevant.
📉 Trading setup:
Entry Zone: 0.0928 – 0.0940 (building a short position when the price retraces toward the order-block zone and mirrored resistance of the lower timeframe within the framework of a broader downtrend).
TP: 0.0880 (profit-taking at key support levels of the higher timeframe and the lower bound of the liquidity).
SL: Above 0.0955 (a close above the specified level will break the sell structure and invalidate the trading idea).
🧠 The trend is your best friend. Don’t try to catch falling knives against the market—wait for a retracement into the premium zone and take the move strictly according to the plan.
🚀 Перейти к торговле 👇
#Polygon #cryptotrading #TechnicalAnalysis
