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Man, $POL looking absolutely heavy here.
I’ve been watching this bleed for a few weeks now and it’s finally hitting that "make or break" zone. We just flushed past the 0.089 level which was holding things up, and honestly, the buyers are nowhere to be found on this daily candle.
Look at the volume on the sell side. 8.19M USDT in 24 hours and we’re still down 1.50% while the rest of the market tries to breathe. We are currently sitting at 0.0855 and if we don't see a massive wick recovery soon, we're likely hunting for liquidity down at 0.082 or lower.
The order book shows some bids stacked at 0.0850, but with this much downward momentum, those could get eaten for breakfast. I’m staying hands off until I see a double bottom or some actual exhaustion from the bears. Stay safe out there.
#GateSquareAprilPostingChallenge