POL 4H – Post-Spike Retrace Into Demand ZonePOL / TetherUSBINANCE:POLUSDTBKVIPPOL on the 4H timeframe is currently trading around 0.12119 after launching from the demand zone and rising trendline confluence near 0.0702–0.0750 on August 13 and spiking to a high near 0.1250 before pulling back sharply, with price now retracing into the 0.1040–0.1080 zone as the first meaningful test of the spike structure following the push to new highs. The chart shows two rising trendlines originating from the late June and late July lows, both converging into the 0.0680–0.0720 demand zone visible on the chart where price consolidated from August 5 through August 12 before the breakout. That demand zone near 0.0702–0.0750 acted as the launchpad for the entire spike move, with price pushing from 0.0750 through 0.0860, 0.0960, 0.1080, 0.1200, and into the high near 0.1250 across a series of sharp candles. The spike high near 0.1250 was reached on August 22 before a pullback began, dropping price through 0.1160, 0.1120, and now into the 0.1040–0.1080 consolidation zone that formed between the initial spike leg and the final push to the high. A horizontal reference near 0.1116–0.1120 has acted as a pivot through the post-spike consolidation and is now sitting as the immediate resistance above. The 0.1040–0.1080 zone represents the prior consolidation that formed midway through the spike, making it the first meaningful structural reference below the high and the key level for determining whether the pullback stabilizes or extends deeper toward the demand zone. Key Levels To Watch → 0.1240–0.1250 Spike high, major resistance above → 0.1160–0.1200 Prior spike consolidation, resistance → 0.1116–0.1120 Horizontal pivot, current resistance → 0.1040–0.1080 Mid-spike consolidation, current support test → 0.0920–0.0960 Secondary support zone below → 0.0750–0.0800 Prior breakout level, key support → 0.0702–0.0720 Demand zone and rising trendlines, macro support A hold at the 0.1040–0.1080 zone and a recovery back above 0.1116–0.1120 would confirm the pullback as a healthy retracement and reopen a move toward the prior spike high near 0.1240–0.1250 and potentially above on continuation. A confirmed 4H close below 0.1040–0.1080 would suggest the pullback is extending beyond a normal retracement, exposing price to a move toward 0.0920–0.0960 and potentially back toward the breakout level near 0.0750–0.0800 on a deeper correction. Spike pulling back into mid-spike consolidation zone, hold here keeps structure intact. Hold 0.1040–0.1080 → retracement healthy, eyes on 0.1250 and above. Lose 0.1040 → pullback extending, downside toward 0.0920–0.0750. Bias bullish above demand zone. Shift only on confirmed close below 0.1040–0.1080.