#DanielNadem

$Polymesh

Long Trade Setup:

– Price is currently hovering around the 0.0506 area, showing signs of stabilization after a period of significant downward pressure that saw it drop toward yearly lows. It is currently trading below its major moving averages, including the 7-day SMA at 0.0533 and the 30-day SMA at 0.0569.

– The 0.0456 level, which represents the recent 2025 low, is the critical floor that needs to hold to prevent an accelerated decline.

– A decisive break and daily close above the 7-day SMA at 0.0533 would be the first signal of short-term relief, potentially opening the door for a retest of the 0.0658 Fibonacci resistance level.

Risk Note:

– The overall trend remains heavily bearish with the 200-day moving average sloping downward, and thin holiday liquidity combined with a "Fear" sentiment index of 30 suggests high volatility and limited buying interest for now.

Next Move:

– I am watching for the price to hold above 0.0470 to confirm a local base. If it can reclaim 0.0533 on steady volume, I'll be looking for a move back toward the 0.0650 range, but a failure at 0.0456 likely leads to a deeper flush.