POL/USDT Trading Strategy
1. Current Price: 0.5989 USDT
2. Period: 3 days
3. Trading Direction: Short
Technical Analysis and Strategy Logic
Daily Analysis:
RSI(6) is 39.75, at a low level, but has not fully entered the oversold area, indicating further downside potential.
MACD shows increasing green bars, indicating strengthening bearish momentum.
Trading volume is gradually decreasing, indicating weakening market buying support.
Three-Day Analysis:
RSI(6) is 56.06, indicating a neutral to bearish sentiment.
MA5 and MA10 have formed a death cross, confirming a downtrend.
DIF and DEA are gradually weakening, and the MACD indicator shows strong bearish power.
Weekly and Monthly Analysis:
The weekly chart shows the end of the upward momentum, with a top signal appearing; RSI is declining.
The monthly candlestick has formed an upper shadow, indicating that bulls are facing resistance, and adjustments may be forthcoming.
Trading Strategy
Entry Price: 0.5980 USDT
Take Profit Price: 0.5100 USDT
Stop Loss Price: 0.6200 USDT
Position Size: 15%
Leverage: 2x leverage
Click the trading pair below to trade $POL