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 sup