MATIC possible swing opportunity

There is a confluence of support and 0.5 fib level at that area. placing my Buy order slightly above that channel top...
placing a SL is tricky on this one, as there are other supports right below the channel top. so its up to you and your position really. the bigger the position the tighter the SL and the more likely it will get triggered.. Remember it mainly depends on BTC how deep it can retrace...