📢 $POL / $USDT | 🔴 SHORT | ⭐ 73.2%
🎯 Objective: $0.07184. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.07284
🛑 Stop Loss: $0.07344
🏁 TP1: $0.07184
🏁 TP2: $0.07164
🏁 TP3: $0.07124
📉 Analysis:
The structure of $POL / $USDT shows a complete bearish alignment across all timeframes, confirmed by the break of local support after a double-top pattern. The RSI at 26.76 (relative strength indicator showing oversold conditions) along with the bearish MACD crossover (moving average that measures momentum) validate sustained selling pressure, while the ADX at 13.52 suggests a developing trend seeking greater depth toward the lower support level. Price remains below the 20 and 50 EMAs (exponential moving averages that act as dynamic resistance), confirming structural weakness.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is strictly set at the stop loss, since a close above 0.07344 would invalidate the bearish thesis by breaking the structure of lower lows. The trade remains valid as long as selling volume continues to exceed buying volume, validating absorption in the current supply zone.
Do you think the price will find enough liquidity to break the support level at $0.07124?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #POL #trading #Futures #Bearish
🎯 Objective: $0.07184. Is it still falling?
🎯 Trading levels:
🟢 Entry: $0.07284
🛑 Stop Loss: $0.07344
🏁 TP1: $0.07184
🏁 TP2: $0.07164
🏁 TP3: $0.07124
📉 Analysis:
The structure of $POL / $USDT shows a complete bearish alignment across all timeframes, confirmed by the break of local support after a double-top pattern. The RSI at 26.76 (relative strength indicator showing oversold conditions) along with the bearish MACD crossover (moving average that measures momentum) validate sustained selling pressure, while the ADX at 13.52 suggests a developing trend seeking greater depth toward the lower support level. Price remains below the 20 and 50 EMAs (exponential moving averages that act as dynamic resistance), confirming structural weakness.
⚖️ Risk/Reward: 1:1.67
⏱️ Timeframe: 1H
📐 Technical confidence: 4/5
The invalidation level is strictly set at the stop loss, since a close above 0.07344 would invalidate the bearish thesis by breaking the structure of lower lows. The trade remains valid as long as selling volume continues to exceed buying volume, validating absorption in the current supply zone.
Do you think the price will find enough liquidity to break the support level at $0.07124?
💡 This analysis is educational and not financial advice. Do your own research and decide calmly.
#crypto #POL #trading #Futures #Bearish