🐂 $POL mostly bearish overall, but showing some hints of short-term consolidation that might be worth watching. For trading on 1-hour timeframe, I'm cautious long, playing for a mean reversion bounce.
Volume's been interesting: Those recent candles are consolidating near the lows on dropping volume, which kinda hints that the sellers might be tiring out. That big red candle at 0.14976 USDT hit 143M in volume – feels like a classic capitulation moment where everyone's dumping in panic.
On capital flows, contracts are seeing steady outflows across the board (like -6.1M USDT over 24h), probably folks unwinding their leveraged bets. But spot flows are a bit mixed – positive inflows in the last 6H to 12H (+498K to +981K USDT), so maybe some accumulation happening down here.
Entry longs $POL : Best spot would be a dip to 0.149-0.150 USDT, retesting that lower Bollinger band. If you're aggressive, grab it at current levels around 0.1507 with a tight stop.
Stop loss: 3% below your entry, say 0.146 USDT, right under the recent swing low and Bollinger lower band.
Targets $POL : First, aim for 0.153 USDT (hitting the MA20 and middle Bollinger), then 0.155 USDT at Resistance zone if it keeps going.
This is counter-trend against the main bearish vibe, betting on an oversold pop. If it drops below 0.1483 (that 24h low), bail out, as it could head lower to Support level around 0.1433 #pol #polusdt #Polygon