$POLYX Strong Trend Break... Is it Real or a Trap? 🚀⚖️
Technical Analysis (Body):
The currency is experiencing a tremendous rise (+27.29%) reaching 0.0611, breaking through the "Descending Trendline" that has dominated the price for a long time. We are now in the "Hour of Truth," where the future direction of the currency entirely depends on how the daily candle closes relative to this line.
Expected Scenarios (Scenarios):
✅ Positive Scenario (Breakout Confirmation):
This is achieved if the price can close above the trend line (above levels 0.0580 - 0.0600) and maintain this level as new support. This means that the "breakout is real" (Confirmed Breakout) and buyers have taken control of the market, opening the door for a new upward wave towards the targets.
⚠️ Negative Scenario (False Break):
This is achieved if the price retreats before closing and leaves a "Long Wick" upward, then closes the candle below the trend line again. This means that what happened is just a "Bull Trap" to siphon liquidity, and the price will return to a strong decline towards the previous lows.
Targets (in case of successful positive scenario):
🎯 T1: 0.0800 (First Structural Resistance)
🎯 T2: 0.1000 (Psychological Barrier)
🚀 Full Extension: 0.1300 (Previous Major Peak)
