$POL is trading at $0.5026, recovering strongly with a 24-hour high of $0.5117. The price is consolidating near resistance, indicating potential for 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 suggests bullish momentum but is facing resistance at $0.5120. A breakout above this level could lead to a rally toward $0.5500, while a rejection and drop below $0.4950 could initiate a correction toward lower support levels.
Monitor price action closely for confirmation and apply disciplined risk management with tight stop-loss levels.