๐จ $POLYX /USDT: Is a reversal coming? Or more downside? ๐ฅ
๐ Current price: $0.1655 (-13.67%)
๐ Key levels:
โ Support areas: $0.1630 - $0.1600 (critical demand area)
โ Resistance levels: $0.1700 - $0.1750 (confirm breakout)
๐ Bullish scenario:
๐ Testing a key support area after a sharp decline.
๐ A bounce from $0.1630 could lead to a recovery towards $0.1700 - $0.1750.
๐ฏ Entry: $0.1640 - $0.1660 (if support holds)
๐ฏ Take Profit Targets:
Target 1: $0.1700
Target 2: $0.1750
Target 3: $0.1800+
๐ป Stop Loss: Below $0.1600
๐ Bearish Outlook:
๐ A break below $0.1630 could lead to further downside.
๐ If the selling pressure continues, the next support is $0.1550 - $0.1500.
๐ฏ Short Entry: $0.1655 - $0.1670 (if rejection confirmed)
๐ฏ Take Profit Targets:
Target 1: $0.1600
Target 2: $0.1550
Target 3: $0.1500
๐ป Stop Loss: Above $0.1700
๐จ Market Sentiment: Polyx at make or break level! A strong bounce could lead to a short-term increase, but if the support breaks, expect further downside. ๐๐ฅ
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