Polygon continues to move within the "ideal entry range" now establishing a higher low after the highest volume ever recorded, a new all-time low, recovery candle on February 6.
This small correction opens the opportunity for a second entry if you missed the first one on February 6.
Technical Analysis
The event occurs at low prices with a lack of downward trend. As the market reaches the bottom, a recovery tends to happen.
The highest volume ever recorded at low prices is one of the strongest possible bullish signals. This means that bulls have entered the market strongly.
There is a long-term bullish divergence with MACD and RSI. All these are reversal signals and make for a very strong chart setup when combined.
Full trading numbers below:
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LONG POLUSDT
Leverage: 6X
Potential: 1758%
Allocation: 6%
Entry zone: $0.0810 - $0.0920
Targets:
1) $0.1081
2) $0.1231
3) $0.1473
4) $0.1855
5) $0.2222
6) $0.2500
7) $0.2894
8) $0.3173
9) $0.3529
Stop: Weekly close below $0.0800
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This chart setup is remarkably strong due to the many bullish signals working together. One signal in isolation can be complicated at best, and dangerous at worst. Here we have multiple signals supporting a bullish wave, accompanied by market-level actions.
We are rising.
Namaste.
✅ Trade here on $POL