$POL update:



The bearish M-top setup on the 4H has played out as expected.

Price broke below the neckline, failed to reclaim the level, and has now dropped over 5.4% from the breakdown.

As long as $POL remains below the neckline, the bearish structure stays intact and sellers remain in control.

#EventContractsLaunch #SummerCreationCamp
POL-4.02%
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TrailingStop
· 5h ago
Every time it’s like this: after the M top forms, if the neckline isn’t broken, it’s okay; once it breaks, it accelerates the sell-off. The main force dumping is way too obvious.
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MintAndWait
· 5h ago
This M-top move was pretty standard: once the neckline broke, it turned into a waterfall. In the short term, POL won’t be able to bounce back.
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CryptoMemeLord
· 5h ago
A drop below the neckline by 5.4% is just the beginning—where is the next support? It feels like there’s more to fall. Don’t rush to buy the dip.
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StockMirror
· 5h ago
The chart pattern on the 4-hour timeframe is so obvious, with the bears firmly controlling the market; any rebound is an opportunity to add to short positions.
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OvernightYield
· 5h ago
Before the short structure remains unchanged, any rebound is a paper tiger; I choose to continue waiting or shorting.
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StopLossHunter
· 5h ago
The technicals were textbook-level. After the breakdown, there wasn’t even a decent pullback. The bulls were directly pinned to the ground and rubbed.
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