MATIC left a whole lot of people wondering why it was massively sold two days ago. Well the answer is simple, it was rejected on the 1W Resistance. It was a move perfectly calculated on the trade idea seen below:
The rise prior to the rejection was easily seen on an early stage:
So what happens next for MATICBTC? Tough question given the panic on the market but based on the 1D RSI, we've just hit a support zone. If the price follows a 0.382 Fibonacci retrace and is rejected we may repeat a 2nd selling wave towards the 1W Support, which should be the next long term Buy Entry.
The rise prior to the rejection was easily seen on an early stage:
So what happens next for MATICBTC? Tough question given the panic on the market but based on the 1D RSI, we've just hit a support zone. If the price follows a 0.382 Fibonacci retrace and is rejected we may repeat a 2nd selling wave towards the 1W Support, which should be the next long term Buy Entry.
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💰Free Channel t.me/tradingshotglobal
🤵Contact info@tradingshot.com t.me/tradingshot
🔥New service: next X100 crypto GEMS!