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Ochlokrat
Mar 8, 2024 9:51 PM

Leveraging Bearish Divergences to Ride Polygon Matic's Momentum Long

MATIC Network / US DollarBinance

Description

Polygon Matic is one of the hottest altcoins right now, no doubt! We're feeling pretty optimistic too, eyeing a (tentative) target price of around $1.70. However, we're not jumping on the bandwagon blindly. We've spotted some bearish divergences on the OBV, but that's cool because it's giving us a smart move to make! We're gonna play it smart, wait for a dip, then hop in with a Buy-Limit-Order just above $1.10 to catch that upward trend. So we're turning that bearish signal into an opportunity to boost our risk-reward ratio.
Comments
emadill915
It’s such a slow mover ….up 1% over the last year … that’s crazy in comparison to anything else
AgelessMD
good one, thx man!
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