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POLYXUSDT trade ideas

POLYXUSDT.P LONG IDEAhi everyone, as you see on chart, it seems that there is a clear support line around 0.21550 . Also funding rate on binance is negative. it means short positions more than longs. thats why i want to set up long position. i will use 50x leverage in this set up. entry : 0.21790 stop : 0.21469 take profit : 0.23834 remember that all the ideas belong me is only my idea and it is not financial advice.DYOR. hope this idea usefull for you. have a nice day.
Long
by cevikdogukan
POLYXUSDT | Testing the New Trading SystemMarket Context Exciting times as we put our new trading system to the test with POLYXUSDT! Strategy: Buy the Dip We spotted a trendline break on the 5M chart and used adjusted Fibonacci levels to set up our limit orders. Here's the plan: LIMIT Order 1: 0.5169 | TP: 0.5415 LIMIT Order 2: 0.5080 | TP: 0.5163 LIMIT Order 3: 0.5000 | TP: 0.5078 Results We hit LIMIT #3 and secured a solid 2.53% gain! 🎉 This system is showing promise—let’s see how it continues to perform. Stay tuned for more updates and trades!
Long
by minno91
POLYX/USDT Has Successfully Broken out of Symmetrical Triangle💎#POLYXUSDT has successfully broken out from a Symmetrical Triangle, positioning it for a potential bullish rally. Currently, with robust momentum at the $0.40 support, there's a high probability for #POLYX to challenge and potentially overcome the resistance level ahead. 💎However, if #Polymesh cannot sustain this momentum and dips below the $0.40 mark, we might see a reversal into a bearish trend. The next critical demand zone at $0.354, renowned for its liquidity and historical upward movements, will be the area to watch. 💎In contrast, if $POLYX revisit this demand zone, it's imperative for the price to achieve a rebound to uphold its support structure. Failure to do so could heighten bearish pressures, worsen market sentiment, and perhaps trigger additional declines in its price. 💎Stay focused and adaptable, Paradisers. Your ParadiseTeam is diligently monitoring the market and ready to guide you through any shifts in the dynamics of #Polymesh. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
POLYX Bullish Trends and Key Levels: A Technical OverviewLet's delve into the intricacies of this chart for POLYX/USDT and uncover the story it tells. At first glance, the weekly chart exudes a sense of optimism with a recent upward trajectory that's hard to ignore. The price action is encapsulated within an ascending channel, suggesting a bullish trend with higher highs and higher lows. Key Levels and Trend Analysis Resistance and Support Zones : - ** Resistance :** Around 0.5235 USDT, the price has encountered resistance within the upper bounds of the channel. The recent high of 0.7862 USDT marks the pinnacle of this upward move, a crucial level that traders will be eyeing for a breakout. - ** Support :** The support level at 0.3170 USDT provides a solid foundation for this upward trend. Should the price experience a pullback, this level is expected to offer significant buying interest. In the chart I reveals that if the volume diminishes, there might be a reversion to the support level, making it a critical area for traders to watch. Technical Indicators ** Stochastic RSI :** The Stochastic RSI, currently around 16.16, suggests that the market is in the oversold territory. Historically, these levels have provided lucrative buying opportunities, hinting that we might witness a price surge soon. The blue line crossing above the orange line would further solidify a bullish reversal. ** Cumulative Volume Delta (CVD) :** The CVD indicator reflects a cumulative value of 126.76M, signaling a balance between buying and selling pressure. A rising CVD often precedes a bullish trend continuation, aligning with our ascending channel narrative. Chart Patterns and Implications The price has been consolidating within the beige-colored resistance zone, showing hesitation to break higher immediately. This consolidation phase is crucial as it allows the market to gather momentum for the next significant move. If the price can sustain above 0.5235 USDT with increased volume, we could see a retest of the 0.7862 USDT high or even a breakout toward new highs. Conversely, if the volume does not pick up, the price might retrace to the 0.3170 USDT support level or even lower, which coincides with the lower boundary of the ascending channel. This level also aligns with the previous consolidation phase, making it a strong support area. Conclusion In summary, the POLYX chart is painting a picture of potential and promise. The ascending channel, combined with bullish indicators like the Stochastic RSI and CVD, suggests that the market might be gearing up for another leg higher. However, prudent traders will keep an eye on volume trends and key support levels to navigate any potential retracements. By staying attuned to these technical cues, one can make informed decisions, whether it's capitalizing on a breakout or buying the dip. The market, much like a narrative, evolves and tells its story—those who listen carefully are often the ones who reap the rewards.
Long
by Z4F4R
POLYX/USDT Breakout Done from the Falling Wedge👀🚀💎Paradisers, get ready for a trading opportunity with #Polymesh! We're eyeing a potent breakout from the Falling Wedge pattern. Currently, #POLYX holding strong at the $0.354 support and going to retest the falling resistance of the falling wedge. 💎If #Polymesh doesn’t manage to spring from the $0.354 support and drops beneath it, we expect a possible extension of the bearish trend. The next vital demand zone at $0.315 is known for sparking substantial bullish recoveries thanks to its intense liquidity. 💎Should #POLYX test this demand zone once more, securing a strong rebound is essential to keep up the support. Any failure to do so might boost bearish forces, deteriorate market sentiment, and potentially trigger more price drops. 💎Keep your strategies adaptive and your senses sharp, Paradisers. Your ParadiseTeam is vigilantly monitoring and prepared to steer you through the volatile dynamics of the #Polymesh market. MyCryptoParadise iFeel the success
Long
by MyCryptoParadise_Simon
2
Polyxusdt with huge ISHS formationPolyxusdt is displaying a classic inverse head and shoulders pattern, signaling a potential trend reversal. The breakout above the neckline confirms the pattern's validity. The indicated buy-back zone on the chart presents a favorable opportunity for buyers to accumulate the coin during potential market retracements. The immediate target for the setup is clearly outlined on the chart, with an extended target serving as the final objective. It's essential to monitor price action closely to capitalize on potential bullish momentum. Feedback on this coin's analysis and market performance is welcomed and appreciated to further refine trading strategies and decision-making processes.
Long
by weslad
2
New ProjectsMany market participants have the same problem - holding a profitable position for a long time. For this reason, people don't take away all the movement of the instrument. You can give reasons, I will re-enter corrections and increase the number of coins - in 95% of cases, this does not happen -Profit brings diligence. -A trader has one goal - to catch the current market trend. That's it. -You won't start making big money until you learn to hang on to winning trades, and the longer you hold on, the greater your profit potential. -Hold your profitable position as long as possible and close your losing position as soon as possible Larry Williams $POLYX $ARKH CRYPTOCAP:JTO NYSE:MAV SEED_DONKEYDAN_MARKET_CAP:PYTH XETR:ENA NASDAQ:ALT ASX:AEVO Best regards EXCAVO
Long
by EXCAVO
14