The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser.
In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders. In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea.
On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs.
What will happen this time? Write your thoughts in the comments.
Comment
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Do you like the fairly predictable movement of the CRYPTOCAP:MATIC price and the prospects for growth to $1.50? Do you believe it? What are your goals for the #MATICUSDT price movement?
In order to grow further it is necessary to shake out extra passengers. What kind of BS is this? Can you explain that theory?
P_S_trade
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@similarTuna31284, For why share your profits with many "longs-man"? In trading, if someone makes money, it means that someone else loses proportionally
hungryCloud16292
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hi luna usdt please
HodlHedge
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My eternally optimistic and hopeful gut tells me so much trading volume is programatic / algorithmic and when you look at SMC studies, there seems to be a number of supply zones at certain levels up to $1.50-ish. Once that is clear it looks like the next leap could be to former ATH and then perhaps new price discovery, depending on the polygon narrative at the time and the overall market condition. I dunno, maybe unreasonably optimistic.