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In this analysis, I’m going to review POL, one of Ethereum’s Layer 2 projects, currently ranked #48 on CoinMarketCap with a market capitalization of $1.87 billion.
⌛️ 4-Hour Timeframe
On the 4-hour chart, after finding support around 0.1590, this coin formed a high at 0.1724 and has since made its first bullish move after breaking that level.
✔️ Right now, price is facing resistance around 0.1836, a zone it has already tested twice—each time getting rejected.
✨ If 0.1836 breaks, we can look for a long position, with the next resistance area sitting around 0.2046.
📊 یFor short positions, I’ll wait until the structure turns bearish before acting. At the moment, the short trigger is at 0.1724, but the main confirmation of a downtrend would only come after a break below 0.1590.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
In this analysis, I’m going to review POL, one of Ethereum’s Layer 2 projects, currently ranked #48 on CoinMarketCap with a market capitalization of $1.87 billion.
⌛️ 4-Hour Timeframe
On the 4-hour chart, after finding support around 0.1590, this coin formed a high at 0.1724 and has since made its first bullish move after breaking that level.
✔️ Right now, price is facing resistance around 0.1836, a zone it has already tested twice—each time getting rejected.
✨ If 0.1836 breaks, we can look for a long position, with the next resistance area sitting around 0.2046.
📊 یFor short positions, I’ll wait until the structure turns bearish before acting. At the moment, the short trigger is at 0.1724, but the main confirmation of a downtrend would only come after a break below 0.1590.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
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🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
💥 Don’t Miss Out!
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
🏆 Trade & Earn : bitunix.com/register?vipCode=TCPINT
💰 Join the Telegram Channel Now: t.me/Tradecityproint
🤵 Business Contact: Tradecityproteam@gmail.com
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.