POL is currently trading at a key weekly resistance zone after a strong bounce from the lows.
On the higher timeframe, price has been respecting clear support & resistance flips. Previous support levels have turned into resistance, and price is now testing one of those key areas again.
Key levels to watch:
Weekly Resistance: ~0.17 – 0.18
Weekly Support: ~0.12 – 0.13
For bullish continuation, price must flip this resistance into support. Without a clean S/R flip and weekly close above this level, this move remains a relief bounce inside a broader downtrend.
Rejection here would keep the structure bearish, with a high chance of price revisiting lower support zones.
Acceptance and hold above resistance would open the door for a move toward the next major resistance around 0.30.
Patience is key on the weekly timeframe — structure confirmation comes first.
👉 Do you expect a clean weekly S/R flip, or will this level act as resistance again?
Like & comment if this helps your bias 👇
MrC
On the higher timeframe, price has been respecting clear support & resistance flips. Previous support levels have turned into resistance, and price is now testing one of those key areas again.
Key levels to watch:
Weekly Resistance: ~0.17 – 0.18
Weekly Support: ~0.12 – 0.13
For bullish continuation, price must flip this resistance into support. Without a clean S/R flip and weekly close above this level, this move remains a relief bounce inside a broader downtrend.
Rejection here would keep the structure bearish, with a high chance of price revisiting lower support zones.
Acceptance and hold above resistance would open the door for a move toward the next major resistance around 0.30.
Patience is key on the weekly timeframe — structure confirmation comes first.
👉 Do you expect a clean weekly S/R flip, or will this level act as resistance again?
Like & comment if this helps your bias 👇
MrC
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.