$POL /USDT ALERT โ€“ POTENTIAL MOVE ON THE HORIZON! ๐Ÿšจ

The $POL /USDT 4-hour chart on Binance shows a distinct downtrend within a descending channel, with price currently hovering at 0.3271 USDT. Hereโ€™s a breakdown of critical levels and an entry strategy for both short- and long-term traders.

๐Ÿ’ก Key Levels to Watch:

โ€ข Resistance: 0.3400 USDT โ€“ The upper boundary of the descending channel. A breakout above this could signal a bullish reversal.

โ€ข Support: 0.3050 USDT โ€“ The recent low, holding this level is crucial for stability and a potential reversal.

๐Ÿ“‰ Short-Term Entry Strategy:

โ€ข Entry: Buy if the price consolidates and holds above 0.3300 USDT.

โ€ข Stop Loss: Set at 0.3200 USDT to protect from further downside.

โ€ข Target: Aim for 0.3500 USDT, aligning with the upper channel.

๐Ÿ“ˆ Long-Term Entry Strategy:

โ€ข Entry: Look for a breakout above 0.3400 USDT with strong volume.

โ€ข Stop Loss: Place at 0.3200 USDT to manage risk.

โ€ข Targets: First target at 0.3700 USDT, followed by 0.3900 USDT if momentum continues.

โš ๏ธ Caution: Failure to hold support at 0.3050 USDT could lead to increased selling pressure, potentially driving the price lower.

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