POL / TetherUS
Long

POL (MATIC) Falling Channel Breakout

134
POLUSDT is attempting a breakout from a nearly 6-months long falling channel. A daily close above the resistance would offer confirmation.

Watch for a potential retest of the resistance as support, as the overbought Daily RSI could signal an imminent pullback.

Key Levels
Aside from the support, these are all good candidates for partial TPs.
• $0.15-$0.17: Bull order block and current support
• $0.30: Previous S/R, 0.236 fib of the move down, and HVN. Will likely offer resistance.
• $0.53: Previous S/R, and 0.618 fib of the move down.
• $0.66-$0.77: Main supply zone, and December 2024 high.
Nota
POL/MATIC textbook breakout and retest.
The next area of interest is the ~$0.30.
istantanea

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