$POL USDT 6X Long with 1,758% profits potential
#Polygon continues to move within the "perfect entry range" now establishing a higher low after the highest volume ever, new all-time low, 6-February recovery candle.
This small retrace opens the opportunity for a 2nd entry if you missed the first one 6-Feb.
Technical analysis
The action is happening at bottom prices with a lack of bearish trend. As the market hits bottom, a recovery tends to happen.
The highest volume ever at bottom prices is one of the strongest possible bullish signal. It means the bulls entered the market with force.
There is a long-term bullish divergence with the MACD and RSI. All these are reversal signals and makes this a very strong chart setup when combined.
Full trade-numbers below:
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LONG $POL USDT
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: Close weekly below $0.0800
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This chart setup is incredibly powerful because of the many bullish signals working together. One signal in isolation can be tricky at best, dangerous at the worst. Here we have many signals that support a rising wave, coupled with marketwide action.
#pol #BullishMomentum #TrendingTopic
