$POL has confirmed a bearish trend after completing an M-top pattern and breaking below its key neckline on the 4H chart.



The loss of horizontal support signals weakening buyer momentum, while sellers continue to defend the market structure.

As long as price remains below the neckline, the bearish bias stays intact.

A retest of the broken support as resistance could offer a potential short setup, whereas a decisive move back above the neckline would invalidate this bearish outlook.

#EventContractsLaunch #TrumpAgreesToClarityEthicsClause
POL-2.58%
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VolStopMaster
· 1h ago
Even though the technical picture is very bearish, is there a downside in the news flow from Trump’s ethical clause? We need to see whether the fundamentals are cooperating—otherwise, shorting just based on chart patterns can easily get a sudden upside reversal and slap you in the face.
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DaoSideQuest
· 1h ago
The bearish setup is clear, and there is room to the downside. However, be careful about the repeated back-and-forth around key levels. Set your stop-loss and don’t hold a losing position.
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LiquidationAlarm
· 3h ago
This structure is too classic: it consolidates sideways, then breaks down, and it feels like the main players are washing the market. If you’re not able to wait for a V-shaped rebound, then just quietly follow the trend and trade accordingly.
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SnowballBeliever
· 3h ago
After breaking the neckline, the short-term trend is indeed bearish, but you also need to watch for the possibility of a false breakdown. Waiting for a pullback and confirmation before entering is safer.
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BlueChipGuard
· 3h ago
Just looking at this four-hour chart, it’s textbook-level M-top. The moment that key support slips even a little, buyers have absolutely no staying power. After that, it will most likely keep dipping further.
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TraitArbitrageur
· 3h ago
Once the M top is fully formed and the neckline is broken, the market is essentially already under bearish control—patiently wait for the rebound, then go short.
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