😳
$POL Is Faking Strength — Don’t Let This Bounce Fool You
That little push upward?
Yeah… it looks nice on the chart, but it’s still just a bounce inside a bigger downtrend. Nothing has actually changed yet.
What’s really happening:
•
$POL has been printing lower highs + lower lows for months
• Price is still trapped inside a descending channel
• Every time it hits the 0.169–0.195 zone, sellers smack it right back down
• A real trend reversal hasn’t even started forming
Support & Resistance (important ones):
• Major resistance: 0.169–0.195
• If we ever reclaim 0.195–0.250, then momentum shifts
• Key supports: 0.143 → 0.110 → 0.098 (this is where strong buyers might show up)
The bullish case (not here yet):
Only valid if POL breaks out of the channel and holds above 0.195–0.250.
If that happens, targets open up toward 0.283 → 0.375 → 0.445.
The bearish case (more realistic right now):
If rejection hits again, price likely slides back down to 0.143 → 0.110 → 0.098.
🔥 Bottom line:
$POL isn’t bullish yet — it’s just bouncing.
Until it breaks the downtrend structure, treat every pump with skepticism.
Don’t let the market trick you.
#MarketRebound #pol #Polygon