📊 POLYX/USDT 4h Double Bottom Setup

Analyzing the 4-hour market structure of POLYX/USDT, where a potential bearish-to-bullish reversal is taking shape. Mapped by ChartScout, the price action is currently displaying a Double Bottom setup.

📋 Structure Breakdown:

• Pole Start: -6.2% downward move initiating the structure from the 0.0407 base.

• Support Floors: Mapped at Bottom 1 (0.0364) and Bottom 2 (0.0362), indicating established buying defense.

• Neckline / Breakout: Horizontal resistance mapped at 0.0405.

📊 Technical Dynamics:

• Timeframe: 4h

• Status: Labeled as Forming near the breakout point.

• Educational Note: In classical technical analysis, a Double Bottom is traditionally classified as a bullish reversal pattern, indicating selling exhaustion at key support ranges followed by an accumulation phase.

Posting for market structure discussion and tracking purposes only.

DYOR.

#ChartScout #POLYX #CryptoCharts #TechnicalAnalysis #DoubleBottom