POLYX is sitting near the bottom of the range after a long corrective phase.
The move from 0.066 to 0.035 has already flushed most of the downside. What matters now is that price is no longer in the same aggressive sell-off rhythm. The chart is trying to stabilize near 0.035–0.038, which is a key demand area.
This is where bearish sentiment usually becomes too obvious.
If POLYX reclaims 0.040 and then 0.045, the recovery structure becomes much stronger. Above 0.045, the next major level is 0.055.
The bullish case is not based on chasing green candles.
It is based on the fact that price is sitting near exhaustion lows while sellers are starting to lose momentum.
That is often where the best reversals begin.
