đł $POL Is Faking Strength â Donât Let This Bounce Fool You
That little push upward?
Yeah⌠it looks nice on the chart, but itâs still just a bounce inside a bigger downtrend. Nothing has actually changed yet.
Whatâs really happening:
⢠$POL has been printing lower highs + lower lows for months
⢠Price is still trapped inside a descending channel
⢠Every time it hits the 0.169â0.195 zone, sellers smack it right back down
⢠A real trend reversal hasnât even started forming
Support & Resistance (important ones):
⢠Major resistance: 0.169â0.195
⢠If we ever reclaim 0.195â0.250, then momentum shifts
⢠Key supports: 0.143 â 0.110 â 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 0.195â0.250.
If that happens, targets open up toward 0.283 â 0.375 â 0.445.
The bearish case (more realistic right now):
If rejection hits again, price likely slides back down to 0.143 â 0.110 â 0.098.
đĽ Bottom line:
$POL isnât bullish yet â itâs just bouncing.
Until it breaks the downtrend structure, treat every pump with skepticism.
Donât let the market trick you.
