The market just shook out the over-leveraged longs on $POLYX! We saw a long liquidation of over $2,800 at $0.05152. While this looks like a drop, professional traders know this is often a "liquidity grab" before a reversal. 🎣
The price dipped to clear out weak hands, and now it is sitting at a very attractive discount. We expect buyers to step in and defend this level, creating a strong bounce. The risk-to-reward ratio here is fantastic for a recovery play! 🛡️💎
Here is the recovery setup:
Ep (Entry Price): $0.05100 - $0.05200 (Buy the dip)
Tp (Take Profit):
$0.05500 (Quick bounce) 🎯
$0.05800 (Recovery zone) 🚀
$0.06200 (Full reversal) 🏆
SL (Stop Loss): $0.04900 (Safety stop below the wick)
POLYXUSDT
Perp
0.05431
+2.78%