đ POL just dropped -13% and the crowd is panicking. But should you be buying the dip?
POL trading at $0.1053 with the 4H chart showing a clear downtrend and RSI at 41.7 â leaning bearish with room for more downside. The long/short ratio at 1.44 means most traders are still long, which makes me nervous. Crowded longs + downtrend = potential squeeze lower.
đ Why This Trade?
The daily RSI is still at 64.4, which means the longer timeframe hasn't completely broken down yet. But when a coin drops 13% in a session with 1.17x volume (not panic selling, just steady distribution), it often means smart money is exiting. The 4H SMA7 ($0.1122) is now resistance â rallies get sold.
đŻ Trade Plan (SHORT bias)
Entry: $0.105-0.108 (short the retracement into SMA7 zone)
Stop Loss: $0.0975 (above recent structure)
TP1: $0.1094 | TP2: $0.1136 | TP3: $0.1179
Confidence: 76% | Risk/Reward: 0.5x
Or are you looking to buy this dip? Where's your line? đ
#POL #Crypto #DYOR
â ïž Not financial advice. Always do your own research and manage your risk.
POL trading at $0.1053 with the 4H chart showing a clear downtrend and RSI at 41.7 â leaning bearish with room for more downside. The long/short ratio at 1.44 means most traders are still long, which makes me nervous. Crowded longs + downtrend = potential squeeze lower.
đ Why This Trade?
The daily RSI is still at 64.4, which means the longer timeframe hasn't completely broken down yet. But when a coin drops 13% in a session with 1.17x volume (not panic selling, just steady distribution), it often means smart money is exiting. The 4H SMA7 ($0.1122) is now resistance â rallies get sold.
đŻ Trade Plan (SHORT bias)
Entry: $0.105-0.108 (short the retracement into SMA7 zone)
Stop Loss: $0.0975 (above recent structure)
TP1: $0.1094 | TP2: $0.1136 | TP3: $0.1179
Confidence: 76% | Risk/Reward: 0.5x
Or are you looking to buy this dip? Where's your line? đ
#POL #Crypto #DYOR
â ïž Not financial advice. Always do your own research and manage your risk.