POL is back on the market. According to foreign media, the currency rose by about 5 per cent in the day, and the price was again approaching the vicinity of 0.08. At the same time, there was a marked increase in the dynamism of the derivatives market, as well as a simultaneous increase in futures traded and open contracts, indicating that trade funds were concentrated in this variety.
Futures will increase to $109 million.
The data show a single-day increase of 333.84 per cent to $108.97 million for POL futures; and an increase of 10.37 per cent to $61.47 million for unwinded contracts. Increases in price overhang usually mean that markets are preparing for greater volatility.
However, such incremental funds may also magnify short-term fluctuations. If prices fail to break the upper pressure, more concentrated leverage positions may also be converted into repulsive pressure.
0.081 to 0.082 short-line observation space
According to external sources, POL is currently testing a resistance area near the downward line, with 0.081 to 0.082 as short-line critical position. If this area is on the active station of the day-line collection, this means that there may be a change in the structure of the high points that had previously been moved down consecutively, and the purchasing power will be further confirmed.
At the rhythm level, this position is not only a technical resistance but also a validation point for the continued availability of new transaction funds. If the breakthrough fails, market sentiment may quickly weaken.
Let's see 0.09, then 0.096 and 0.10.
According to the text, if POL breaks the $ 0.082, the next main observation position is $ 0.09, which is about 13% more than the current price. If you continue to stand 0.09, the subsequent positions mentioned in the text are in the order of $0.096 and $0.10.
Overall, POL has moved from a relatively calm rehabilitation phase to a high-participation breakthrough. The continuation of the price rebound will depend largely on the establishment of a breakthrough near the US$ 0.082 and whether the new warehouse space in the derivatives market will continue to support the purchase.