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The price of POL has been in a steady downtrend after rejecting the 0.275–0.280 resistance zone. It is now approaching a strong demand zone around 0.238–0.245, where buyers have previously shown significant interest. The RSI is near the oversold area, indicating potential for a short-term relief bounce if buyers step in.
🔹 Key Support Zone: 0.238 – 0.245
🔹 Key Resistance Zone: 0.275 – 0.280
🔹 Likely Scenario: Further drop into the demand zone followed by a possible bullish reaction
⚠️ This analysis is for educational purposes only and should not be considered as financial advice. Always use proper risk management.
The price of POL has been in a steady downtrend after rejecting the 0.275–0.280 resistance zone. It is now approaching a strong demand zone around 0.238–0.245, where buyers have previously shown significant interest. The RSI is near the oversold area, indicating potential for a short-term relief bounce if buyers step in.
🔹 Key Support Zone: 0.238 – 0.245
🔹 Key Resistance Zone: 0.275 – 0.280
🔹 Likely Scenario: Further drop into the demand zone followed by a possible bullish reaction
⚠️ This analysis is for educational purposes only and should not be considered as financial advice. Always use proper risk management.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.