$POLYX just showed why chasing the first breakout can be risky. Price pushed aggressively from the 0.041 area to 0.0492, but the move was followed by a sharp rejection back toward 0.0415, with heavy volume confirming the volatility.
The key zone now is 0.0410–0.0415. Holding it could allow POLYX to stabilize and attempt 0.0433–0.0455 again, while a clean loss of 0.0410 would make the recent breakout look much weaker. For me, the reaction from this zone matters more than the initial spike.
The key zone now is 0.0410–0.0415. Holding it could allow POLYX to stabilize and attempt 0.0433–0.0455 again, while a clean loss of 0.0410 would make the recent breakout look much weaker. For me, the reaction from this zone matters more than the initial spike.