$POLYX
/USDT Technical Analysis & Trade Signal:💯🔥
Current Price: 0.2697 USDT
24h High/Low: 0.2727 / 0.2560 USDT
Trend: The price is showing upward momentum (+1.28%) after bouncing off the low at 0.2560. The market sentiment appears to be mildly bullish as price action has managed to stay near the daily high level.
Key Support: 0.2560 USDT
Key Resistance: 0.2727 USDT
Trade Signal:
Long Entry: 0.2700-0.2710 USDT (on pullbacks or consolidation)
Target Levels:
1. Target 1: 0.2740 USDT (Immediate Resistance)
2. Target 2: 0.2800 USDT (Psychological Resistance & 38.2% Fibonacci Extension)
3. Target 3: 0.2850 USDT (Extended Resistance)
Momentum:
Bullish Momentum: Based on the recent positive price movement and the higher lows formed. The RSI (Relative Strength Index) is likely to support continued momentum if it remains above 50. If prices consolidate, it would offer a favorable buying opportunity at the support level (0.2560-0.2600).
Bearish Reversal: A strong break below 0.2560 USDT could signal a shift toward the downside with next support levels at 0.2500 USDT.