$POL is breaking down after a massive 3 wave rally making a high at $0.1049. The rally completed a an ABC corrective structure.

We have now seen a massive dump straight into fib support between $0.09297-$0.08610. In this area watch for support, reversal and continuation higher. A break above $0.1049 will confirm a bullish continuation.

A break below $0.08610 will trigger a breakdown move even lower where I will expect a reset of the $0.08096 low. A break below that low will trigger a breakdown move to a new low.

POL
POLUSDT
0.09002
-1.39%


#pol