$POL Bearish Setup: Liquidity Sweep Failed, Downside Momentum Returns
$POL swept the lows around 0.10645, but the reclaim failed to hold, leaving the 1H structure firmly bearish with lower highs and lower lows.
The bearish bias remains valid while price stays below 0.11145. A rejection around the 0.1060–0.1080 zone could open the path toward 0.10442, followed by 0.10123 and potentially 0.08942.
This short setup is counter-trend against the bullish daily and weekly structure, so confirmation is essential. Watch for a bearish engulfing candle or a fresh 15M/5M market-structure shift before entering.
Entry Zone: 0.1060–0.1080
TP1: 0.10442
TP2: 0.10123
TP3: 0.08942
Invalidation: 1H close above 0.11145
Bearish continuation remains the preferred scenario unless the key structure level is reclaimed.
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