MATIC Long

MATIC formed a base at the lows, broke out and now retesting near $1.75. Think this pullback will be short-lived and we go for the trend line break pretty soon. RSI has already broken the downtrend. We saw this setup back in October.

With the recent $450m capital raise from some of the best VCs and angel investors, it's been given the green light for many that are on the sidelines. No need to overtrade this. Accumulate here and surf the wave over coming weeks/months.

$450m capital raise: techcrunch.com/2022/...nk-and-tiger-global/

Comment:

Volatility is expected on recovery from a pretty steep correction, but this is looking good w/ a series of higher lows. Yesterday's significant up day was on relatively low volume meaning supply is close to being absorbed at these price levels, so even the smallest demand pushes it higher. Think we go for a break of the downtrend in the coming days.

If so, will post another chart once there's another setup (base above $2 or so)