While Polygon is sure to take part in the first 2024 Cryptocurrency marketwide correction, this is only a short-term move.
Short to mid-term to be more specific as this correction can extend and about this we will know more pretty soon.
Polygon has been growing long-term, it is surely an amazing project.
Cryptocurrency as a whole is something unique; a perfect technology for us now, for the information age (Aquarius).
The bear-market bottom low for MATICUSDT happened June 2022, which matches the orthodox end of the bear market for Bitcoin and most of the major Altcoins.
Drawing a trendline from this major market low and passing through Sept. & Oct. 2023 we can get a trendline support. This can be the correction low, potentially a long-term higher low.
You know in this channel we look at the charts not only as trading opportunities but also for learning. I try my best to explain the signals and market conditions together with the overall market picture.
Being aware of the long-term possibilities of a trading pair is a great way to avoid panic when prices are going down; it is an amazing way to be prepared.
Knowing that Polygon going down is only temporary can help you to stay strong, hold strong or it can help you sell to buy back lower; whatever you do is your choice.
There is a trick with selling and buying back lower. ➖ We can't predict with exactitude the next bottom/low/support. ➖ Market psychology can lead to selling the bottom rather than buying, so a plan is needed to make the most of information like this one.
Regardless of what happens in the short to mid-term, MATICUSDT is set to grow long-term.
➖ 2024 will be an amazing year for Cryptocurrency. ➖ 2025 will be more than great.
👉 We are looking at $7.65 as a new All-Time High —in the vicinity of this price, it can vary wildly.
I see a stop around $2.2222 on the way up with other important points that we will visit and study once the next bullish move shows up.
I appreciate your time. I appreciate your consideration. I appreciate you always reading.
Thanks a lot for your continued support.
Namaste.
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Trendline support has been activated.
We wait a little longer, wait for confirmation and then we start looking for entries in order to enjoy a very strong bullish phase ending in a bull-run in mid- to late 2025.
btc bullrun is almost over,another 3 to 4 month max....matic will never get to 7 dollars,not at this bullrun cycle, and i am concerning will never get a new ATH. Sorry for all matic investors, you missed this bullrun,be carefull
getLuckyPT
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@PensieriParole, in 3 or 4 months based on what? history says otherwise
MyCryptoParadise_Nathan
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my approach is little bit same like yours but levels are different