Polygon is ready to take off!Hi fellow traders, POLUSDT is ready to make a move higher after completing the complex correction in WXY formation. Target the 0.8414 level. Good luck and trade safe!
Polusdtsignal
POL/USDT Trading ScenarioIn November, POL showed confident growth driven by euphoria following the U.S. presidential election results. The asset's price surged from $0.2852 to $0.7705, marking a gain of over 160%. However, profit-taking by market participants soon followed, resulting in a correction that now exceeds 46%.
Currently, seller activity appears to be waning, with a support level forming at $0.4104, from which the price has rebounded twice. Volume profile analysis indicates that POL has stabilized within a zone of market interest.
Further declines may occur as liquidity from short-term players is absorbed, potentially setting the stage for a trend reversal. The recovery dynamics and subsequent growth of the asset are largely influenced by U.S. macroeconomic indicators. Special attention is being paid to the Federal Reserve's decisions on adjusting the key interest rate, which are revised based on current data.
