Matic following zkEVM news (~85% increase); playing other L2's

Matic (Polygon) has recently launched their zkEVM. This was bullish news and we saw a price action breakout of the downtrend that resulted in an 85% move upward. Loopring (another L2 that aims to accomplish similar objectives), is releasing their zkEVM quite soon. We don't know exactly when, but the hope is it will be released or scheduled to be released within the quarter. With sellers becoming exhausted, I would say now would be a good time to accumulate spot LRC; a breakout of the downward trend would signal a more aggressive entry into a position. If my thinking is alright, we could see a retrace of the .618 fib on LRC bringing price to around $1.60. From there, it will be about following momentum and volume.