$POL Technical Analysis
Current Situation: POL is currently trading at $0.4553, up by 13.40%. The Bollinger Bands suggest a bullish trend, with the price above the midpoint (MB).
Short-term Outlook:
* Short Trade: Enter a short position at the resistance level of $0.4731. Target the support level at $0.4304. Stop loss at $0.4793.
* Long Trade: Enter a long position at the support level of $0.4304. Target the resistance level at $0.4731. Stop loss at $0.3816.
Market Sentiment: The chart indicates a strong bullish sentiment. The price action is breaking above the upper Bollinger Band, indicating a potential breakout to the upside.
Next Move: A break above the current resistance level ($0.4731) could signal a further bullish trend. However, a break below the support level ($0.4304) could indicate a reversal of the current trend.
Leverage: Use leverage cautiously, as it can amplify both profits and losses.