📊 Analysis of POL
POL currently shows an interesting structure depending on the time frame.
In the daily timeframe, the market continues within a bearish trend with lower highs and lower lows following the momentum we saw at the beginning of this year.
In the 4H timeframe, the price has been moving within a clear range, with multiple rejections in the upper zone close to 0.102 – 0.105.
Currently, the price is returning towards the lower part of the range.
In smaller timeframes, recent selling pressure is observed, which could indicate a search for liquidity towards nearby support levels.
Key levels to observe:
Resistance: 0.102 – 0.105
Support: 0.095 – 0.097
If the price manages to defend the support of the range, we could see a bounce towards the resistance zone.
If the support is lost, the market could continue looking for liquidity at lower levels close to 0.093.
Observing how the market reacts in these zones.