💎 Technical Analysis: Polygon (POL)



Market capitalization: $1.36 billion.
After active downward movements followed by upward ones, the POL chart has entered a consolidation phase again.

🟡 A classic scenario for breakout trading!

How to trade❔

💬 Sell on downward breakout: Entry: when breaking below the range.
Stop-loss: behind the nearest extremum above.

💬 Take-profit: before the next support level, but not at the very minimum – don't be greedy.

💬 Buy on upward breakout: Currently, the risk/reward ratio for a long position is unfavorable.

💬 If new extremes form for a shorter stop, the trade can be considered. We're waiting for a better signal.

Important:
Classic strategy on a breakout from consolidation. Patience and discipline are your main allies.

📈 Open a trade with $POL

🔗 Chat • X • JioCoinsX
POL0.57%
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