Technical analysis by MLDpwnz about Symbol POL on 19 hour ago

The MATIC → POL rebrand didn’t help: price is down 86% YoY. During this period, a descending channel formed, and price is now holding below the channel midline. RSI shows a bullish divergence after extreme oversold conditions. This is a strong bullish trigger, but it’s important to remember: it can play out with a significant delay. Last time, the reversal took over two months and only occurred after a double divergence formed. How to trade it: • Aggressive: buy at current levels with a stop below the low. • Safer: wait for a reclaim and hold above the channel midline, then enter with a stop below the low. 🎯 Primary target: the upper boundary of the channel. Higher targets make sense only after a confirmed breakout above it.