POLYX/USDT — Critical Support: Will It Bounce or Break Down?🔎 Overview
The POLYX/USDT (1W, Binance) chart is currently testing a major historical support zone around $0.0982 – $0.1267. This level has repeatedly absorbed selling pressure over the past two years, making it a psychological and technical pivot that could determine the next big move.
The macro structure is showing a series of lower highs, suggesting sustained selling pressure. At the same time, buyers are still defending this strong support zone, creating a battle zone between potential distribution and accumulation.
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🏛 Pattern & Structure
Descending Triangle Bias (Bearish):
Lower highs combined with flat support → a distribution pattern, often leading to breakdowns if buyers fail.
Alternative Scenario — Double Bottom / Accumulation (Bullish):
If the support zone once again holds with strong bullish rejection, POLYX could build a base for a reversal rally.
👉 In short: POLYX is at a crossroad, awaiting weekly confirmation.
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🚀 Bullish Scenario
Confirmation: Weekly close above $0.1710, or strong bullish rejection (hammer / engulfing) off support.
Targets:
1. $0.1919 (short-term resistance)
2. $0.2257 (key resistance)
3. $0.2930 (mid-term target)
4. $0.3940 – $0.4733 (major resistance, next swing zone)
Stop-loss: Below $0.0982 (invalidates the support).
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🕳️ Bearish Scenario
Confirmation: Weekly close below $0.0982 → confirms breakdown of long-term support.
Implication: Support flips into resistance, potentially opening a deeper bearish phase.
Strategy: Avoid long entries if breakdown is confirmed. Look for retests (failed support → new resistance) as short setups.
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🎯 Key Levels
Main Support: $0.0982 – $0.1267
Major Resistances: $0.1710 → $0.1919 → $0.2257 → $0.2930 → $0.3940 → $0.4733 → $0.6456
Historical Swing High: $0.7575
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📝 Conclusion
POLYX is at a make-or-break zone:
If support holds → potential accumulation base for a recovery toward higher resistances.
If it fails → the descending triangle structure likely plays out, signaling a bearish continuation.
📌 For traders:
Aggressive: Consider scaling into small positions at support with tight SL.
Conservative: Wait for confirmation above $0.1710 before entering long.
Always apply risk management — this is a do or die zone for POLYX.
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