🚨 URGENT: $POLYX Short Opportunity! 📉
Polymesh ($POLYX) is showing heavy signs of exhaustion after a brief rally. The "smart money" is positioning for a move down, and the technicals are starting to confirm a shift in power. 🐻
The Bearish Case:
* 🚩 Funding Rate Alert: The funding rate has plunged to -2.00%, a massive signal that big players (whales) are aggressively shorting.
* 📉 Double Top: A clear double top has formed on the 1-hour chart, signaling a rejection of higher prices.
* ⚠️ Momentum Shift: Despite recent gains, the cumulative buying power is low, and the price is now beginning a steady decline.
The Strategy:
The trend is flipping bearish. As the price breaks below immediate local support, the downside potential is opening up. Watch for a continuation of this bleed as the short-sellers take control. 🩸
Trade with caution and always use a stop-loss to protect your capital! 🛡️
#Polymesh #POLYX #CryptoAlert #ShortTrade #BinanceSquare #BearishTrend