#POLYX

The price is moving inside a bearish channel on the 4-hour time frame. It has reached the minimum and is heading towards a rebound. These limits are expected to be retested.

The Relative Strength Index (RSI) is indicating a downtrend, and this trend is likely to continue due to an overbought condition.

There is a major support area in green at 0.0475. The price has bounced from this area several times, making it a strong support level.

The price is heading towards the 100 period moving average, which we are getting close to. This trend supports the upward movement.

Entry price: 0.0486
Target 1: 0.0489
Target 2: 0.0496
Target 3: 0.0504

Stop loss: at the resistance area in green

Remember this simple rule: manage money.

Any questions, please leave a comment.

Thank you.

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