#POLYX/USDT Bullish Reversal in MAGICUSDT Accumulation Zone

Jan 2

#POLYX

The price is moving in a descending channel on the 1-hour timeframe. It has reached the lower boundary and is heading towards a breakout, with a retest of the upper boundary expected.

We are seeing a bearish trend in the Relative Strength Index (RSI), which has reached near the lower boundary, and an upward bounce is expected.

There is a key support zone in green at 0.0535, and the price has bounced from this level several times. Another bounce is expected.

We are seeing a trend towards stabilizing above the 100-period moving average, which we are approaching, supporting the upward trend.

Entry Price: 0.0561
First Target: 0.0584
Second Target: 0.0611
Third Target: 0.0645

Place your stop-loss order below the green support zone.

Remember a simple principle: Money Management.

For any questions, please leave a comment.

Thank you.

Jan 6

Trade closed: target reached

#POLYX
First Target: 0.0584 Reached
Second Target: 0.0611 Reached
Third Target: 0.0645 Reached