POL - Bullish Pressure Soon!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈POL has been overall bearish trading within the falling channel marked in blue.

Currently, it is approaching the lower bound of the channel.

Moreover, the purple zone is a strong structure and demand.

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower trendline acting as a non-horizontal support.

📚 As per my trading style:
As #POL approaches the blue circle, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

In parallel, for the bulls to take over long-term, a break above the upper blue trendline is needed.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

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