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Oct 2, 2023 5:48 PM

POLYUSD Wait for a clear break out. 

PolymathCRYPTO

Description

POLYMATH is having a strong (1d) candle, crossing over both the MA50 and MA200 (1d).
This is not a bullish signal yet as the long term pattern remains a Channel Down, particularly bearish under the Falling Resistance.

Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over it.

Targets:
1. 0.1150 (Support 1).
2. 0.2100 (Fibonacci 0.5).

Tips:
1. The RSI (1d) is overbought. It favors short term selling.

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Comments
LegionQ8
great buddy, I think you are right
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