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PavlOK
Apr 19, 2023 5:51 AM

Matic Accumulation before the push  Long

MATIC Network / TetherUS PERPETUAL CONTRACTBinance

Description

Hello everyone,

I've observed that Matic has been accumulating above a robust Fibonacci level of 0.786 over the past day. This indicates that there may be a good entry point with a tight stop loss just below the recent lows. In this case, the risk-reward ratio looks particularly favorable since if the 1.25 level is broken, the next substantial resistance level is at 1.55.

I wish you all the best of luck and remind you to trade safely.
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