$POL /USDT price has surged from the 24-hour low of $0.4489 to a high of $0.5439, indicating bullish strength.

Overview of Price Action:

POL/USDT has shown strong upward momentum with a +16.69% increase in the last 24 hours. The price has surged from the 24-hour low of $0.4489 to a high of $0.5439, indicating bullish strength. The current price stands at $0.5425, trading near its 24-hour high, signaling a potential breakout.

Technical Indicators:

1. Support Levels (Green):

$0.5104 (recent pivot low)

$0.4717 (key support zone)

2. Resistance Levels (White):

$0.5439 (immediate resistance)

$0.5492 (next major resistance)

3. Moving Averages:

Short-term moving averages are sloping upward, indicating bullish sentiment.

4. RSI:

RSI (6) at 77 suggests overbought conditions, so traders should watch for potential retracements.

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Trading Signals

Long Trade Signal

Entry Price: $0.5420 (wait for breakout confirmation above resistance at $0.5439)

Take-Profit Targets:

Target 1: $0.5500

Target 2: $0.5600

Target 3: $0.5800

Stop Loss: $0.5200

Strategy: Enter if volume increases and price breaks above $0.5439 with stability.

Short Trade Signal

Entry Price: $0.5400 (on rejection from $0.5439 resistance)

Take-Profit Targets:

Target 1: $0.5200

Target 2: $0.5100

Target 3: $0.5000

Stop Loss: $0.5500

Strategy: Short if the price fails to break resistance and bearish candlestick patterns appear.

Cautionary Note

Monitor trading volume closely to confirm price action signals.

Be cautious of sudden market reversals as RSI shows overbought conditions.

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