POL (Daily) — trend up, price correcting into support

[theSignalyst]

POL remains inside a rising channel, so the primary bias stays bullish. The recent drop is unfolding within a falling corrective channel; price has just rebounded from the 0.165–0.200 support zone, which also overlaps the channel’s lower boundary. As long as daily closes hold above 0.165–0.200, I expect the correction to fade and the up-trend to resume, first targeting the mid-range around 0.24–0.26, then the channel top near 0.30–0.32 if momentum strengthens.

If sellers push the market back below 0.165 on a daily close, the bullish structure would be compromised and the risk opens for a deeper slide toward 0.14–0.12. Until then, I’m watching for a clean breakout above the red corrective channel to confirm continuation.

All Strategies Are Good; If Managed Properly! ~Richard Nasr