$POLYX - SHORT Setup
Entry: 0.0630 – 0.0645 (On a clear rejection at the 24h high/resistance zone after the massive pump)
Target 1:0.0550
Target 2:0.0500
Stop Loss:0.0665 (Above the swing high)
My View:
POLYX has experienced an explosive,+91.9% intraday pump, pushing it into a parabolic move. The price is now trading at the 24h high in a low-liquidity zone. Such vertical, high-volume rallies are classic blow-off tops and are almost always followed by a sharp and deep correction as early buyers take profit. The chart shows the price is extremely extended from any reasonable support. This is a high-risk mean reversion play. The only valid short entry is on undeniable evidence of a top forming—a strong bearish reversal candle (like a shooting star or bearish engulfing) on the 1H/4H chart after a retest of the highs. Patience for the right signal is critical.
Bias: Bearish for a steep correction. Bullish trend intact above $0.0645.
Disclaimer:Extremely high risk. My plan. Not advice. Trade your own risk.
