POL +11% with a daily RSI of 91.4. Yes, ninety-one. And it's still holding gains.
📊 $0.1224 with $16.1M volume. The daily RSI is screaming overbought by any textbook standard, but here's what the textbooks don't tell you: in strong momentum moves, RSI can stay overbought for DAYS.
Why This Trade?
• Price broke above SMA7 ($0.1019) and SMA25 ($0.0829) simultaneously — double breakout
• MACD histogram expanding on both 4H and daily — dual timeframe confirmation
• Volume is normal (1.0x) not pump-level — this is real buying, not a flash spike
• Long/short ratio at 1.5 = confident positioning
📋 Trade Plan:
Entry: $0.1202 - $0.1246
SL: $0.1282
TP1: $0.1273 | TP2: $0.1322 | TP3: $0.1371
Risk/Reward: 0.9:1
⚡ The RSI at 91.4 means one thing: momentum is EXTREME. Don't fade it. But also don't chase it at full size. Wait for a dip to entry zone, keep your stop tight, and let the momentum work.
💬 Would you buy an asset with RSI at 91 or is that asking for trouble? What's your RSI limit?
#POL #Polygon #DYOR
⚠️ Disclaimer: This is analysis, not financial advice. Always manage your risk and never invest more than you can afford to lose.