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$POL Clear upward trend
โข A strong bullish engulfing pattern has formed near 0.104-0.110
โข Since the intraday low of 0.101, the price has formed higher lows
โข Currently consolidating near the intraday high, indicating a healthy pullback before potential upward continuation
โข The surge in volume during the uptrend confirms strong interest from buyers
โข Recent 1-hour candlesticks show declining volume during consolidation, a typical characteristic before a potential breakout
โข Fund flow: A strong net inflow of contracts over 24 hours reached 2.65 million USDT, while the spot market saw an inflow of 221,800 USDT, indicating derivative-driven momentum
โข Short-term fund flow (5 minutes to 1 hour) shows continued inflow, supporting the recent bullish outlook
Entry point for long position
$POL : 0.1155-0.1165 (confirmed after rebounding from support)
Stop loss: 0.110 USDT
Take profit
$POL Main take profit: 0.122 USDT
Secondary take profit: 0.125 USDT
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$POL ๐๐๐๐๐
#pol #polusdt #Polygon