Yello, Paradisers! Is #POLYXUSDT about to break free, or could we see a deeper dive into bearish territory? Let’s break it all down for #Polymesh setup:
💎#POLYX is forming a Descending Broadening Wedge—a classic pattern known for signaling potential trend reversals. The price is currently going to test the upper descending resistance, sitting around $0.3156. A decisive breakout here could trigger a strong bullish move.
💎If #POLYXUSD breaks above $0.3156 with a solid 4H or daily close, the next target zone lies between $0.4000 and $0.4500, where sellers are likely to re-enter aggressively. You need to watch for increased volume and momentum to confirm this breakout.
💎On the downside, we have a reliable demand zone around $0.2314, with major support at $0.1933. These levels have provided significant liquidity for buyers in the past and are key for maintaining the bullish structure. The Bulls will definitely buy #Polymesh here and it will likely bounce back.
💎A breakdown below $0.1933 with a 4H or daily candle close would invalidate the bullish setup. This could lead to a steep drop, targeting $0.1500 or lower, potentially indicating a bearish market sentiment shift.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
💎#POLYX is forming a Descending Broadening Wedge—a classic pattern known for signaling potential trend reversals. The price is currently going to test the upper descending resistance, sitting around $0.3156. A decisive breakout here could trigger a strong bullish move.
💎If #POLYXUSD breaks above $0.3156 with a solid 4H or daily close, the next target zone lies between $0.4000 and $0.4500, where sellers are likely to re-enter aggressively. You need to watch for increased volume and momentum to confirm this breakout.
💎On the downside, we have a reliable demand zone around $0.2314, with major support at $0.1933. These levels have provided significant liquidity for buyers in the past and are key for maintaining the bullish structure. The Bulls will definitely buy #Polymesh here and it will likely bounce back.
💎A breakdown below $0.1933 with a 4H or daily candle close would invalidate the bullish setup. This could lead to a steep drop, targeting $0.1500 or lower, potentially indicating a bearish market sentiment shift.
Stay focused, patient, and disciplined, Paradisers🥂
MyCryptoParadise
iFeel the success🌴
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Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
Join FREE👉 t.me/+QwK2mkoTGBU0Nzc0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.