Matic

Salaam

After falling 2 weeks ago, Matic trying to recover.
The first step is breaking the descending trend line.
To continue rising, Matic should make a higher high and higher low.
I draw my probable scenario for Matic but remember it has not to follow anybody's pattern and will do what it wants.

Do not forget to set a stop for your trades.
In this situation, it's a good idea to set SL even for your spot position. (If you don't have enough time to check the market, you could do this with buying in a determined period of time. i.e. buying Matic in 3 months.)
In this way, if the market breaks a key level to the downside, you sell and rebuy in the next support.
It could be only a part of your position.
All in all, it all depends on the strategy you used in the market.
think about all possible cases and what you should do in each of them with the reason.

Good luck!

Comment:

The 1h chart:
But don't rely much on the lower time frame charts and try to do your analysis based on 4h and daily time frames.
As Justin Bennett told: Zoom out when in doubt!

Comment:

Daily chart:

Comment:

Salaam
Honestly, in the daily chart, it doesn't seem good, and expecting more downside moves.
but 4h time frame should confirm it and see breaking the last low.
I still believe that we'll see a bounce up to some resistance and after, drop and break the last lows.