POLYX/USDT — Critical Support: Will It Bounce or Break Down?POLYX / TetherUSBINANCE:POLYXUSDTCryptoNuclear🔎 Overview The POLYX/USDT (1W, Binance) chart is currently testing a major historical support zone around $0.0982 – $0.1267. This level has repeatedly absorbed selling pressure over the past two years, making it a psychological and technical pivot that could determine the next big move. The macro structure is showing a series of lower highs, suggesting sustained selling pressure. At the same time, buyers are still defending this strong support zone, creating a battle zone between potential distribution and accumulation. --- 🏛 Pattern & Structure Descending Triangle Bias (Bearish): Lower highs combined with flat support → a distribution pattern, often leading to breakdowns if buyers fail. Alternative Scenario — Double Bottom / Accumulation (Bullish): If the support zone once again holds with strong bullish rejection, POLYX could build a base for a reversal rally. 👉 In short: POLYX is at a crossroad, awaiting weekly confirmation. --- 🚀 Bullish Scenario Confirmation: Weekly close above $0.1710, or strong bullish rejection (hammer / engulfing) off support. Targets: 1. $0.1919 (short-term resistance) 2. $0.2257 (key resistance) 3. $0.2930 (mid-term target) 4. $0.3940 – $0.4733 (major resistance, next swing zone) Stop-loss: Below $0.0982 (invalidates the support). --- 🕳️ Bearish Scenario Confirmation: Weekly close below $0.0982 → confirms breakdown of long-term support. Implication: Support flips into resistance, potentially opening a deeper bearish phase. Strategy: Avoid long entries if breakdown is confirmed. Look for retests (failed support → new resistance) as short setups. --- 🎯 Key Levels Main Support: $0.0982 – $0.1267 Major Resistances: $0.1710 → $0.1919 → $0.2257 → $0.2930 → $0.3940 → $0.4733 → $0.6456 Historical Swing High: $0.7575 --- 📝 Conclusion POLYX is at a make-or-break zone: If support holds → potential accumulation base for a recovery toward higher resistances. If it fails → the descending triangle structure likely plays out, signaling a bearish continuation. 📌 For traders: Aggressive: Consider scaling into small positions at support with tight SL. Conservative: Wait for confirmation above $0.1710 before entering long. Always apply risk management — this is a do or die zone for POLYX. #POLYX #POLYXUSDT #CryptoAnalysis #Altcoins #TechnicalAnalysis #SupportAndResistance #BullishScenario #BearishScenario #WeeklyChart