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PacMan1337
May 28, 2021 7:20 AM

2 ideas for $MATIC Long

Description

So these are the 2 possible scenarios I see taking place. If you bought in at the first support and are worried don't be its probably gonna graze the 50% fib support and should bounce off of it. I have drawn 2 different pathway's for you to look at to get the gist of what I believe we should see over the next 24 - 48 hours.

This is not Financial Advice only my opinion using tools that I know and understand in order to produce a good analysis. Please DYOR before investing into cryptocurrencies considering the level of volatility in this market you need a good understand of it.

If you liked my analysis feel free to drop a like / follow in order to follow me for future analysis.

As always,

Happy Trading Traders & Never Trade Leverage!!
Comments
Traveler4774
btc and alts are about to correct more. It's already happening. With the way matic bounced last time, could be a huge opportunity to get it cheap!
BadatTrades
Don't think the options expiry will cause it to fall the 1.76? Just curious.
PacMan1337
@BadatTrades, I do believe it will touch the 1.76 area maybe $1.765 or $1.77 then a bounce off of that support at $1.7639 we might even dip a little below it but I don't see us going back to the $1.5222 levels just a short pull back in order to insure the healthiness of the trend.
BadatTrades
@PacMan1337, Thanks.
Lawzan_127
@PacMan1337 we are heading back to $1.34
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