Polygon continues to support additional growth

It is interesting to see projects like this one, POLUSDT. Notice how the action is shaky across the market yet everything continues to happen within the same range; above support.

POLUSDT continues to trade above EMA8 & EMA13, continues to trade sideways. Consolidation after a higher low in anticipation of a major advance—a bullish wave.

See how today's session has a long lower shadow yet all selling has been bought. The smaller projects can reveal what will happen to the rest of the market. Think of Bitcoin and Ethereum.

Both these projects have a long lower wick today and all selling is being bought. The chart/candle/session can end up like Polygon here; green.

It is still early and confirmation comes only once the session closes and that's twelve hours away. But, the squeeze is already in, volume is low. Low volume at this point points to a continuation. The continuation of the previous chart pattern. Here a recovery after a stop-loss hunt event.

A long squeeze is a bullish development. It removes over-leveraged long positions in anticipation of a rising wave.

Thank you for reading.

Namaste.