POL: bounce or bleed? key levels to watch in coming days

142
POL
Catching a falling knife or loading a bounce? Altcoins have been getting smacked as the market rotates back into majors, and POL is extra volatile while the ecosystem slowly migrates from the old token, according to industry chatter. Price is now pressing fresh lows where previous liquidity sat, right as sentiment turns max gloomy - perfect spot where short sellers usually start getting lazy.

On the 4H chart I see a clean trend of lower lows, but RSI is printing bullish divergence around the 30 zone and volume is thinning out on the sell side. That combo often gives a relief pop, so I’m leaning toward a short-term long back into the nearest supply at 0.100, then 0.106-0.110 if momentum really bites. I might be wrong, but fading an exhausted dump like this has paid me more often than chasing it.

Game plan ✅: I’m watching 0.094-0.095 for a fakeout low and a strong bullish 4H candle to consider longs, with invalidation under 0.092. Upside targets for me are 0.100 first, then 0.106-0.110 where the big red zone and past volume sit. ⚠️ If price slices cleanly below 0.092 and holds, this bounce idea dies and opens a slide toward 0.088-0.085, where I’d reassess for the next level of demand.

Declinazione di responsabilità

Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.