Looking at POL's current price action, there's an interesting setup forming if we manage to maintain support around the 0.164 level. Break above that and we could see a run up toward 0.26 resistance.
The key here is holding that lower support zone - if the bulls can defend it, the path upward looks pretty clean for range traders. That's roughly a 60% move from the current support to resistance, which isn't bad for a swing.
For anyone watching the POL/USD pair, this might be worth monitoring on the daily and 4-hour timeframes. The volume and momentum will tell us whether this breakout scenario has real legs or fizzles out.
What's everyone else seeing on POL right now? Are you positioned for a breakout or playing it cautiously?
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BridgeNomad
· 01-10 20:10
ngl the 0.164 support is giving me serious ptsd vibes - seen too many "clean paths" collapse when liquidity fragments. what's the tvl migration pattern looking like? because that 60% move only works if counter-party risk doesn't implode halfway up
Reply0
RektCoaster
· 01-10 20:10
If you can hold the 0.164 level, there's a chance; otherwise, it's another story.
View OriginalReply0
LeekCutter
· 01-10 20:00
0.164 If I can't hold it, I'll just exit directly. I'm really not sure about this move.
View OriginalReply0
DeadTrades_Walking
· 01-10 19:50
0.164, can that support level really hold? It feels like the bears are constantly attacking...
POL Technical Setup - Potential Breakout Analysis
Looking at POL's current price action, there's an interesting setup forming if we manage to maintain support around the 0.164 level. Break above that and we could see a run up toward 0.26 resistance.
The key here is holding that lower support zone - if the bulls can defend it, the path upward looks pretty clean for range traders. That's roughly a 60% move from the current support to resistance, which isn't bad for a swing.
For anyone watching the POL/USD pair, this might be worth monitoring on the daily and 4-hour timeframes. The volume and momentum will tell us whether this breakout scenario has real legs or fizzles out.
What's everyone else seeing on POL right now? Are you positioned for a breakout or playing it cautiously?