🟣 POLYGON (POL): Bullish Rebound Setup — Chart + Trade Plan 🚀
📌 Why POL Could Move Soon
• POL recently bounced off key support near the critical $0.135 zone after weekly weakness — a classic technical rebound pattern. RSI has climbed from neutral, showing short-term momentum returning.
• Network fundamentals are strong: record token burns (~3M POL/day) driven by high usage, reducing circulating supply and adding structural deflation pressure.
• Institutional and strategic narrative strengthening as Polygon infrastructure expands (Open Money Stack, stablecoin integrations, Wyoming stablecoin project).
📈 Trade Setup (Short-Term)
✔ Entry Zone:
➡ $0.135 – $0.142 — tested support plus buy-the-dip range.
✔ First Target:
🎯 $0.146 – $0.150 — initial resistance and short-term breakout zone.
✔ Next Bullish Target:
🚀 $0.165 – $0.180+ — momentum play area if volume picks up.
✔ Stop Loss (Risk Control):
❌ Below $0.125 — invalidates the bounce and raises risk of deeper retest.
💡 Key Things Traders Love Right Now
🔥 High burn + usage = real utility — not just hype.
🔄 Short-term momentum building off strong support.
📊 RSI and moving averages suggest demand stepping in.
📌 Watch These Levels Closely:
• $0.146–$0.150 — breakout confirmation zone
• $0.165–$0.180 — high-probability next upside cluster
• $0.125 — critical downside guard level
👇 Summary:
⚡ Polygon’s network activity and deflation mechanics provide structural support. With smart money already nibbling near a key zone, a breakout above $0.146 could fuel a leg toward $0.18+. Are you entering now or waiting for a confirmed break? Drop your strategy! 💬🔥
