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$POL pretty bullish overall, but pulling back a bit from those fresh highs. Feels like a healthy correction to me. For trading on 1-hour timeframe, I'm eyeing longs on any dips.
Volume-wise, those recent 1-hour candles had some massive spikes on the way up, like that one hitting 158.9M which really backs up the bullish vibe. But the newest candle? Super low at just 180K, so probably just a breather or some sideways action kicking in.
On capital flows, contracts are showing solid net inflows – +3.7M over 24 hours and a whopping +14M over the week, which screams ongoing buyer interest in derivatives. Spot side's a little down over 7 days at -5.6M, maybe some folks cashing out, but the derivs strength is stealing the show here.
For entries longs
$POL , I'd wait for a retreat to that Support around 0.158 USDT or the 20-MA at 0.1585. Or, if it punches through Resistance level at 0.1687 with decent volume, that could be your green light.
Stop loss: Park it at 0.153 USDT, right under Support and the lower Bollinger at 0.1512.
Targets
$POL Shoot for Resistance at 0.1734, or push to next resistance at 0.1793 if the momentum holds up.
Anyone else watching POL closely
#pol #polusdt #Polygon