POLYX / TetherUS
Long
Updated

Polymesh (POLYX) - Bull flag confirmation

2 972
On the above 2-day chart price action has corrected 50% since last October. Now is a good long moment. Why?

1) Price action and RSI resistance breakouts.

2) Support on past resistance confirms. (green circles)

3) The Bull flag confirms forecasting a 150% move to 45 cents.

Is it possible price action corrects further? Sure.
Is it probable? No

Ww

Type: trade
Risk: <=6%
Long from: 20 cents
Return: 150%
Trade active
Note
support confirmed
Note
Questions already, that last update should have read:

"GRM support confirmed"

In a bull market longs buy the dip at the golden ratio. Just psychology.
This is what the update "GRM support confirmed" refers.
It is an incredibly powerful indication that the uptrend is in continuation.
Note
Price action is up an additional 200% since the last update of GRM support confirmation. What Kind of Sorcery Is This?!

snapshot
Trade closed: target reached
300% instead of 150%.

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