Man, I’ve been staring at this $POL ‌ chart for the last hour and something just doesn't sit right.

We are literally sitting on the edge of a cliff here at 0.0876. If you look at the daily candles, it’s just been a slow, painful bleed since early March. Every time it tries to bounce, the sellers just slam it right back down.
The volume isn't even showing a fight back yet. We’re down over 50% on the yearly and honestly, 0.0856 is the only thing standing between us and a much deeper hole.
The order book shows more bids than asks right now (about 55% buy side), but that could easily be fake support just waiting to get pulled. I’m staying patient. I want to see a solid daily close above 0.0912 before I even think about a long.
Right now, it’s looking like a "don't catch the falling knife" type of situation. Watch that 0.0850 level closely today.

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