$POL (Polygon Ecosystem Token) Price Update and Trading Strategy here ๐ฅ ๐๐
Current Price: $0.2442๐ฆ
Timeframe: 2H & 1Dโ
Market Structure๐
๐ $POL Price is in a strong bullish structure with multiple BOS (Break of Structure) confirmations on the 2H chart. A clear CHoCH and sustained higher lows show controlled bullish momentum.
Key Zones & Confluences๐๐
Support: $0.2286 (prior resistance turned support)
Demand Zone: $0.2286 โ $0.2231
Resistance Ahead: $0.26 (supply zone)
1D supply begins at $0.2714, with final resistance at $0.3231 (yellow MA).
Momentum Indicators๐๐
Stochastic RSI: Approaching overbought (87.95 / 79.29 on 2H), showing momentum continuation potential but needs caution.
Daily RSI: Overbought (100/97.29) โ look for short-term retracements.
Strategy Insight๐จโ๐ซ
Currently trading inside higher timeframe premium supply. If we break $0.26 with strong volume, $0.27โ$0.32 could be the next macro target.
Current Play๐งโ๐ซ
Entry (was): $0.2286โ
Current: $0.2442๐ฆ
Upside Target: $0.2714 โ $0.32
Stoploss idea: $0.2215โฃ๏ธ
๐จโโค๏ธโ๐จPro Tip: Trail your stop aggressively above $0.252 if we break the current minor resistance. Wait for retest if missed.
Takeaway:๐คฝโโ๏ธ
$POL is breaking out of consolidation with conviction. Volume and RSI suggest the move may extend, but patience is key near supply. Let the retest confirm strength before adding.
๐จโโค๏ธโ๐จ"Donโt chaseโposition for the pullback, profit from the breakout."
โ ๏ธDisclaimer: This is not financial advice. DYOR before investing or trading.
