Here is how to handle your MATIC trade
Following my previous idea, MATIC was not done moving.
MATIC has proved to be one of the best trades I've taken this year, and it doesn't seem to be stopping anytime soon.
It's gotten over the previous res without much issue and with great volume. The following sell volume is manageable thus far, but we will have to monitor.
If nothing changes from here, I expect to see price just drift upwards, as MATIC has great fundamentals, great marketing/social media presence, and the chart doesn't give me much to complain about.
The previous move led to a rise to the 2 fib level, so if the same is true for this move, we should find ourselves at around 1.8. This can be our TENTATIVE tp level, but good traders always adapt.
TLDR: as long as we don't see large sell volume, we should eventually see a large volume push to pump prices quickly.
MATIC has proved to be one of the best trades I've taken this year, and it doesn't seem to be stopping anytime soon.
It's gotten over the previous res without much issue and with great volume. The following sell volume is manageable thus far, but we will have to monitor.
If nothing changes from here, I expect to see price just drift upwards, as MATIC has great fundamentals, great marketing/social media presence, and the chart doesn't give me much to complain about.
The previous move led to a rise to the 2 fib level, so if the same is true for this move, we should find ourselves at around 1.8. This can be our TENTATIVE tp level, but good traders always adapt.
TLDR: as long as we don't see large sell volume, we should eventually see a large volume push to pump prices quickly.
Comment:
I typically don't use fibs but during price discovery, they are like a flashlight in a dark tunnel.
