$POL
$POL is currently trading at $0.5013, showing strong recovery with a 24-hour high of $0.5117. The price is consolidating near resistance, signaling the possibility of either a breakout or a pullback.
Trade Setup:
Long Setup:
Entry: Above $0.5120 (Breakout confirmation)
Stop Loss (SL): $0.5000
Take Profit 1 (TP1): $0.5300
Take Profit 2 (TP2): $0.5500
Short Setup:
Entry: Below $0.4950 (Breakdown confirmation)
Stop Loss (SL): $0.5050
Take Profit 1 (TP1): $0.4800
Take Profit 2 (TP2): $0.4600
Technical Outlook:
The current price action shows bullish momentum, but resistance at $0.5120 is limiting further progress. A breakout above this level could drive the price towards $0.5500, while a failure to break through and a drop below $0.4950 could trigger a pullback to lower support levels.
Watch the price closely for confirmation and implement disciplined risk management with tight stop-losses.
