$POL at $0.0893 is close enough to the 30d high that this is where people start getting brave and then get smoked 💥
My call: if it tags $0.094 this week, I’m wrong.
If it loses $0.086, this move was just a squeeze.
4h is up 9.2% and volume is 2.5x the 20d average, so the tape is real.
But RSI 80 says it’s cooked short term, and funding at 0.005% means longs are already paying up 😈
Chop first.
Then either push through or snap back hard.
#POL
#Web3
#Trading
My call: if it tags $0.094 this week, I’m wrong.
If it loses $0.086, this move was just a squeeze.
4h is up 9.2% and volume is 2.5x the 20d average, so the tape is real.
But RSI 80 says it’s cooked short term, and funding at 0.005% means longs are already paying up 😈
Chop first.
Then either push through or snap back hard.
#POL
#Web3
#Trading