Polygon

POL: Key Support Holding or Deeper Correction Ahead?

862
POL: From a price perspective, the pullback into support between $0.186 and $0.357 aligns well with the idea of a fourth wave within a larger upside impulse. However, the prolonged nature of this retracement reduces confidence in that outlook. Given the complexity of the correction and the broader position within the crypto cycle, a break of support and a deeper correction remain plausible. In that scenario, a test of the $0.023 - $0.065 region could come into play. It may be prudent to wait for a clear confirmation of a local low before turning bullish on this chart again.

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.