short to mid term Matic prediction ! 30%+ Possible
Hello Traders,
Lately It is harder to guess short term targets due to instability of BTC and general outlook of the overall markets.
There are many exciting news but one strike me the most. Instagram, Facebook officially begins testing Polygon integration! 🤯🔥
If deployed widely, anyone in the world will be able to connect their Polygon wallet to Facebook and display NFTs as posts. Mass adoption infrastructure in the making.
I believe Matic could pull %30-100% in near term from the current levels of $0.450. But of course BTC should not crash! However I remember last big BTC crash , Matic was able to pull huge counter move against BTC so anything is possible. Volume relatively high and it is decreasing while correcting. So in order for bears to go down any further they will need huge volume but looks like bull momentum could gain upper hand here at this point for a while.
Lately It is harder to guess short term targets due to instability of BTC and general outlook of the overall markets.
There are many exciting news but one strike me the most. Instagram, Facebook officially begins testing Polygon integration! 🤯🔥
If deployed widely, anyone in the world will be able to connect their Polygon wallet to Facebook and display NFTs as posts. Mass adoption infrastructure in the making.
I believe Matic could pull %30-100% in near term from the current levels of $0.450. But of course BTC should not crash! However I remember last big BTC crash , Matic was able to pull huge counter move against BTC so anything is possible. Volume relatively high and it is decreasing while correcting. So in order for bears to go down any further they will need huge volume but looks like bull momentum could gain upper hand here at this point for a while.
Comment:
So far everything looking great. We touched 0.5350 and mini correct to 0.51 levels. We are still nearly ahead more than 15%. And most importantly Matic looking really strong! If Btc allows , we should start second climb to 0.6 levels which I will take 20%tp there and watch the price action.
Trade closed manually:
Unfortunately unstable Btc putting too much pressure on the market. That is why I decided to close my position at 14% profit for now. Considering everything else in the market Matic did as well as it could. I will personally wait for better setup but doesn't mean that things can't turn around at this point.
Trade active:
Back in the action again. Structure is much more favorable with plenty of correction already happened. Back to 0.6+ target. Matic looks SOLID!
Trade closed: target reached:
Bulls eye 🎯
Trade closed: target reached:
This was 100% accurate prediction Bulls eye 🎯100% gain on spot.
Comment:
Similar situation right now.