Technical Analysis for $POL

/USDT🚀🎯

Current Price: $0.3581

Key Indicators:

Bollinger Bands (20, 2):

Upper Band (Resistance): $0.3589

Middle Band (Support): $0.3577

Lower Band (Support): $0.3566

SAR (Stop and Reverse): $0.3587 (Indicating mild resistance above the current price)

Momentum:

The price is near the upper Bollinger Band, suggesting bullish momentum, but resistance at $0.3589 and $0.3587 needs to be breached.

Trade Signals

Long Entry:

Entry Level: $0.3585 (above SAR and Bollinger upper band to confirm breakout)

Stop Loss: $0.3555 (below Bollinger lower band to limit downside risk)

Target Levels 🎯:

1. Target 1: $0.3620 (short-term resistance from recent price action)

2. Target 2: $0.3680 (near previous 24-hour high)

3. Target 3: $0.3750 (potential retest of major resistance zone)

Short Entry (if momentum reverses):

Entry Level: $0.3565 (below Bollinger lower band and SAR value)

Stop Loss: $0.3595 (above current Bollinger middle band)

Target Levels 🎯:

1. Target 1: $0.3530 (previous local support)

2. Target 2: $0.3500 (psychological support level)

3. Target 3: $0.3470 (further downside if bearish pressure increases)

Trade Momentum

Bullish: Confirmed only above $0.3589 with increasing volume.

Bearish: Activated below $0.3565, signaling potential reversal or consolidation.

Monitor closely for volume and strength around these key levels for precise trade execution.

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