Hey there, Binance Square family! š Let's dive into some exciting technical analysis on POLYX. What's Poppin'? We're currently observing a potential Diametric pattern on the 1-day chart. š§ This pattern is created by a series of price swings that form a diamond shape. When price breaks out of this pattern, it can often lead to a strong directional move. What to Watch For: * Breakout: If POLYX breaks above the upper trendline of the Diametric pattern, we'll be looking to enter long positions. šÆ * Targets: We have some exciting potential targets marked on the chart. š * Invalidation: Closing a daily candle below the lower trendline of the Diametric pattern would invalidate this analysis.ā Risk Management is Key: * Stop Loss: Always set a stop loss to protect your capital. ā * Capital Management: Never risk more than you can afford to lose. š° * Profit Taking: Once we hit the first target, consider securing some profits and moving your stop loss to entry. ā If you have any questions or want to discuss this further, feel free to drop a comment below. š¬ Disclaimer: This is not financial advice. Please do your own research before making any investment decisions. #POLYX #BinanceSquare #CryptoAnalysis #DiametricPattern #TradingOpportunities
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