$POL
A coin with a strong underlying fundamentals, but in this cycle it hasn’t yet shown good long moves. Also, today news started appearing about it being burned, as well as the fact that at the beginning of September Polymarket launched perpetual contracts on Polygon.
Technically, there is currently a good entry point from a structure break on the 15-minute timeframe, with a stop at 0.112. Targets are around the first resistance level at 0.185.
The risk/reward ratio in the trade is about 1:14.
#Polygon #pol
A coin with a strong underlying fundamentals, but in this cycle it hasn’t yet shown good long moves. Also, today news started appearing about it being burned, as well as the fact that at the beginning of September Polymarket launched perpetual contracts on Polygon.
Technically, there is currently a good entry point from a structure break on the 15-minute timeframe, with a stop at 0.112. Targets are around the first resistance level at 0.185.
The risk/reward ratio in the trade is about 1:14.
#Polygon #pol
