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Markets › Polygon (POL) › Support bounce

Crypto · price-structure setup

Support bounce on Polygon (POL)

On Polygon (POL) the support bounce showed up 40 times. The target came first 38% of the time, the stop 55%, and 8% went nowhere within 12 candles.

Counted on Polygon (POL) (POL/USDT): daily candles from September 2024, 4-hour candles from September 2024 and hourly candles from September 2024.

By timeframe

TimeframeFoundTarget firstStop firstWent nowhere
4-hour743%57%0%
Hourly3336%55%9%

Polygon (POL) against the rest

ChartsFoundTarget firstStop firstWent nowhere
Polygon (POL)4038%55%8%
All Crypto charts2,18034%55%11%
Every market2,91035%56%10%

Year by year

YearFoundTarget firstStop first
2024617%83%
20251547%47%
20261937%53%

The last 8 times

Counted by the Trading Class research engine on real past candles: entry at the signal candle's close, target 1.5 × ATR(14), stop 1 × ATR(14), 12 candles to decide, a candle that touches both counts as the stop. How we count. Past data, not a forecast and not advice.

What the support bounce is

Price fell back to a level that stopped it before, and bounced again.

Drop a ball and it bounces off the floor. Support is a price floor where falls stopped before, because buyers were waiting there. A support bounce is when price comes back down to that floor and bounces up again.

The full support bounce lesson, video and quiz ›

Other patterns on Polygon (POL)

Inside bar · Stochastic bearish cross · Stochastic bullish cross · Spinning top · Volume profile bounce · Doji · Volume profile rejection · MACD bullish cross · EMA 9/21 bearish cross · EMA 9/21 bullish cross · all of them

The support bounce elsewhere

Ethereum · Bitcoin · Solana · Litecoin · NEAR Protocol · Chainlink · Uniswap · BNB · Cardano · Polkadot

Questions

How often does the support bounce work on Polygon (POL)?

In 40 cases on Polygon (POL), the target (1.5 × ATR) came before the stop (1 × ATR) 38% of the time and the stop came first 55%; 8% went nowhere within 12 candles.

What is the support bounce?

Price fell back to a level that stopped it before, and bounced again.