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$POLYX is showing a potential technical setup!
The POLYX/USDT 1W chart on Bybit displays a macro consolidation phase following a long-term downtrend, testing a major bottom support zone with a projected upward trajectory.
๐ The Technical Setup:
โข The Pattern: Macro Accumulation & Potential Reversal
โข Short-term Target: 0.0500 - 0.0800 USDT
โข Macro Objective: 0.7000 USDT
โข Market Structure: Consolidation turning into potential reversal
๐ฏ Key Levels to Watch:
โข Support / Accumulation Zone: 0.0350 - 0.0417 USDT
โข Resistance: 0.1000 - 0.1500 USDT
โข Breakout Level: 0.0500 USDT
โข Stop Loss / Invalidation: 0.0350 USDT
๐ Confirmation:
โข Volume: Standard accumulation volume at range lows
โข Momentum: Stabilizing candle structure on the weekly timeframe
โข Trend: Long-term downtrend testing a potential bottom base
โ ๏ธ Invalidation:
A weekly close below the 0.0350 USDT support level invalidates the bullish reversal setup.
POLYX is building a strong base at historical lows, presenting a high-reward macro setup if key resistance levels are breached.
๐ Creator: NOUMAN_DON (@NOUMAN_DON)
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