Technical Analysis: POL is approaching a strong resistance level, with a high probability of rejection. Other indicators, such as the 200 EMA, are also creating strong resistance. Additionally, the RSI on the 4-hour timeframe is showing overbought conditions. Based on these factors, there is a high chance of a downtrend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.