Currently, the price of POL (formerly MATIC) is 0.69 USD. To make a reasonable investment decision, we need to consider both the technical and fundamental analysis of POL.
1. Technical analysis:
• Support and resistance zones:
• Strong support: 0.65 USD – the recent low price, serves as an important support.
• Strong resistance: 0.72 USD – the recent high price, serves as strong resistance.
• Technical indicators:
• RSI (Relative Strength Index): Currently at a neutral level, indicating no signs of overbought or oversold.
• MACD (Moving Average Convergence Divergence): The MACD line is crossing above the signal line, suggesting an upward trend.
2. Investment recommendations:
• Buying timing:
• Short-term: Consider buying when the price corrects to the support zone near 0.65 USD.
• Medium and long-term: Gradually buy at strong support levels like 0.60 USD to build positions.
• Selling timing:
• Short-term: Take profit at resistance levels near 0.72 USD.
• Medium and long-term: Aim for higher targets like 0.80 USD and 0.90 USD, depending on market developments and news.
4. Investment strategy:
• Risk management: Set tight stop-loss levels, for example:
• Short-term: Stop-loss at 0.62 USD.
• Medium-term: Stop-loss at 0.58 USD.
• Long-term: Stop-loss at 0.55 USD.
• Capital allocation: Divide investment capital into several parts to buy at different price levels, minimizing risk and optimizing profits.
• Monitor news: Regularly update on technological developments, partnerships, and legal situations related to Polygon, as they can significantly affect POL's price.
