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Polygon (MATIC) - February 11

BINANCE:MATICUSD   MATIC Network
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(MATICUSD 1W Chart)
Above the 0.681 point: the uptrend expected to continue

Above 1.073-1.169 section: It is expected to make a new wave.


We need to see if we can continue moving along the uptrend line.


If the upward trend continues, it is expected to receive primary psychological resistance in the 2.375-2.552 section.


If it falls from the 1.542 point, a short-term Stop Loss is required.

If it falls from the 1.073 point, you need a Stop Loss to preserve your profit.

However, it may temporarily drop to around the 1.073 point, so countermeasures are needed.


(1D chart)
First resistance section: around the 2.447 point
Second resistance section: 3.056-3.259

Support section: 1.634-1.837

The interval 1.634-1.837 is the interval that determines the trend.

As such, we expect the trend to continue in the direction that deviates from the 1.542-2.023 range.

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(MATICBTC 1W chart)
Above 0.0000 2390 point: Expected to create a new wave.


What is important in the current flow is that the price stays above the uptrend line.

So, if you fall from the 0.0000 4415 point, you should check to see if it is moving similar to the path drawn on the chart.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether the price trend is in an upward trend or a downward trend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to be able to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

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[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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