$POL /USDT ALERT โ POTENTIAL MOVE ON THE HORIZON! ๐จ
The $POL /USDT 4-hour chart on Binance shows a distinct downtrend within a descending channel, with price currently hovering at 0.3271 USDT. Hereโs a breakdown of critical levels and an entry strategy for both short- and long-term traders.
๐ก Key Levels to Watch:
โข Resistance: 0.3400 USDT โ The upper boundary of the descending channel. A breakout above this could signal a bullish reversal.
โข Support: 0.3050 USDT โ The recent low, holding this level is crucial for stability and a potential reversal.
๐ Short-Term Entry Strategy:
โข Entry: Buy if the price consolidates and holds above 0.3300 USDT.
โข Stop Loss: Set at 0.3200 USDT to protect from further downside.
โข Target: Aim for 0.3500 USDT, aligning with the upper channel.
๐ Long-Term Entry Strategy:
โข Entry: Look for a breakout above 0.3400 USDT with strong volume.
โข Stop Loss: Place at 0.3200 USDT to manage risk.
โข Targets: First target at 0.3700 USDT, followed by 0.3900 USDT if momentum continues.
โ ๏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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