POLYX / TetherUS
Updated

POLYX looks bearish

842
It looks like a big triangle is forming.

Wave C looks like a triangle and now it looks like we are in wave e of C

If the price reaches the red box, we look for sell/short positions in the red box

We will also look for buy/long positions in the green box.

Closing a daily candle above the invalidation level will violate the analysis

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade active
The symbol was analyzed from the price of $0.3467, dropped more than 42% and reached the green box.

snapshot
Trade active
After the drop and hitting the green range, it has pumped more than 35% so far

snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.