Yuriy_Bishko

📊MATIC squeeze to a trendline! 3 preconditions to open a short

BINANCE:MATICUSDT   MATIC Network / TetherUS
Hi friends! Matic is make the biggest performance among other altcoins. But after the Inflation rate announce, it`s make a pullback to the global trendline.

Even the announcment of the partnership between the Polygon (MATIC) and Starbucks don`t PUMP the price. This mean that the big buyer is waiting for the better price and don't want support the price to buy lower.

📊 Preconditions to open a short:
🔥squeeze to the trendline
🔥bearish BTC
🔥sell orders WALL on DOM and Footprint

🚩 When the matic test the trendline for 4 times, it`s make a huge Pump, but i think we are in a different market conditions now. In any case pay your attention to volume indicator and DOM to identify the Big players to open a trade in the same side with them.

📊 The closest targets is the $0.7-0.78 value area.

💻Press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.

Get access to the private club with VIP signals 👉 bit.ly/Biko_ViP

🔷Telegram 👉 t.me/+ICrmLIneDmRiYjIy

🔷YouTube 👉 bit.ly/YouTube_Lessons
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.