🚨 $POL /USDT SETTING UP FOR A MAJOR MOVE – PREPARE FOR ACTION! 🚨
The $POL /USDT chart is showing a clear downtrend channel, with price consistently respecting the downward-sloping boundaries. A critical resistance level at 0.3596 USDT has emerged, and the price is consolidating below this zone. This creates a potential breakout or breakdown scenario that traders need to watch closely.
💡 Critical Levels to Watch:
• Major Resistance Zone: 0.3596 USDT – A breakout above this level could signal a reversal, leading to a short-term target of 0.3750 USDT.
• Support Level: 0.3500 USDT – If the price fails to break the resistance, it may revisit the support zone, with a further decline potentially extending to 0.3450 USDT.
📉 Short-Term Strategy:
• Entry: Look for a breakout confirmation above 0.3596 USDT.
• Stop Loss: Place it around 0.3540 USDT to protect from false breakouts.
• Target: Aim for 0.3700 USDT if the breakout sustains momentum.
🚀 Long-Term Entry:
• Entry: On a sustained break above 0.3750 USDT, long positions can target 0.3850 USDT.
• Stop Loss: 0.3650 USDT for protection.
A failure to break resistance could provide a short opportunity targeting lower support levels. Stay alert for sharp moves!
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