🔥 $POL looks pretty bullish overall but is pulling back slightly from recent highs—seems like a healthy correction. On the 1-hour chart, I’m watching for long entries on any dips.
Volume-wise, recent 1-hour candles showed massive spikes during the rally (one hit 158.9M!), supporting the bullish sentiment. The latest candle? Very low at 180K—likely just a pause or some sideways action.
Capital flows are showing strong net inflows: +3.7M in 24 hours and +14M over the week, signaling strong buyer interest in derivatives. Spot flows are slightly down over 7 days at -5.6M, maybe some profit-taking, but derivatives are the real driver here.
Entry for longs: Wait for a pullback to support at 0.158 USDT or the 20-MA at 0.1585. Alternatively, a break above resistance at 0.1687 with solid volume could be your green light.
Stop loss: 0.153 USDT (just under support and the lower Bollinger at 0.1512).
Targets: Resistance at 0.1734, with a potential move to 0.1793 if momentum continues.
Who's else watching $POL closely? #POL #POLUSDT #Polygon
