$POLYX

/USDT Technical Analysis & Trade Signals๐Ÿš€๐ŸŽฏ

Price Overview:

Current Price: $0.3188 (+5.70%)

24h Range: $0.2873 - $0.3310

Technical Indicators:

1. Bollinger Bands (20, 2):

Upper Band: $0.3238

Middle Band: $0.3162

Lower Band: $0.3087

Signal: Price near the upper band suggests bullish momentum but approaching overbought territory.

2. SAR (0.02, 0.2):

Current SAR: $0.3106

Signal: SAR below the price confirms a bullish trend.

3. Momentum:

With increasing volume and a 24h high of $0.3310, POLYX shows bullish momentum.

Trade Setup & Signals

Trend: Bullish

Momentum: Strong upward move supported by technical indicators and volume.

Entry Zone: $0.3160 - $0.3190 (near current price or slight retracement).

Target Levels ๐ŸŽฏ:

1. Target 1 (T1): $0.3238 (Bollinger upper band and minor resistance).

2. Target 2 (T2): $0.3310 (24h high and key resistance).

3. Target 3 (T3): $0.3450 (next resistance from previous price action).

Stop Loss: $0.3085 (below Bollinger lower band and SAR level to protect downside).

Trade Momentum Analysis:

Short-Term (15m, 1h): Positive momentum with potential for quick scalping to T1.

Mid-Term (4h, 1D): Strong trend continuation toward T2 and T3 if price holds above $0.3160.

Risk-Reward: Favorable with close support and multiple upside levels.

Watch for volume confirmation at breakout above $0.3238.

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