TraderPaps

MATICUSD - Long Term Idea

Long
FTX:MATICUSD   Matic / USD
MATICUSD Long Term Idea - We are focusing on the old school method of Support and Resistance with the view for a breakout of trend to hit the higher levels. (price action)

As you can see we have previously hit support and bounced back strong, you can see early signs of the bullish momentum which we hope to continue. 1.724 will be an interesting level to see how the MATIC consolidates, we can predict some rejection to the lower levels however I will be holding for long term. Entry at 1.32 for extra confirmation of breakout as well fib levels, ema .

Please like, share and comment - I am always happy to meet likeminded traders - Please check out my previous ideas.

Thanks
Comment: As we can see price has broken through the trend - therefore we will except some choppy consolidation before rising and going towards the long target.

Matic is on course!