《POL drops below $0.09! Is it time to cut losses, or is it a bottom-fishing opportunity brought by PIP-85?》
On the first day of POL's upgrade, the market indeed started the "washing mode" as expected. The price has now fallen back to around $0.088, and many people are starting to panic, but I see signals.
1. Don't just focus on the bearish candles:
Although it has dropped nearly 5% in 24 hours, has anyone noticed? There is significant protective capital around $0.087. This indicates that the main forces are also waiting for the dust to settle after the upgrade.
2. Core logic: Staking rewards doubled!
The proposal of PIP-85 is not just a joke. Staking rewards have increased from the previously mentioned 3% to 5.8%, which means that the circulating chips in the market will be further locked. The current decline is actually to shake off those who are short-term leveraging.
💰My personal operation:
Current position: I have already lost 30% of my arbitrage position at $0.092.
Bottom fishing: I have already set a buy order at $0.0865. As long as it dares to retrace to this position, I will dare to add back my position!
Defense level: If the daily level effectively breaks below $0.085, I will decisively stop loss and exit, indicating that the market cannot hold up.
Summary: The April Hong Kong Carnival has not yet arrived, and POL's role has not yet finished. The current fluctuations are prepared for those who are patient.
💬Interactive voting:
A. Breaking below $0.09 is already a failure, I am bearish to $0.07.
B. Already received stocks! Waiting for 5.8% staking rewards to return.
C. Waiting and seeing, will talk again when it stabilizes at $0.094.
What is your average transaction price? Report a number in the comments, and I will help you analyze the probability of breaking even!👇
#POL #Polygon #PIP85 #Layer2 #币安广场