MATICUSDT any dip to weekly support is for long
Analysis: HTF
The price broke down from the previous weekly support and came back down to next weekly support which is marked as WS1 on the chart. That support did not hold but weekly support WS2 held the price and provided the expected bounce. Next weekly support level is WS2 but I doubt we will visit there. Any further dip to the weekly support WS1 is for buying. As far as current price action is concerned, it is currently facing daily resistance. If this resistance is broken, the next level is the next daily resistance DR2 around 0.77.
The price broke down from the previous weekly support and came back down to next weekly support which is marked as WS1 on the chart. That support did not hold but weekly support WS2 held the price and provided the expected bounce. Next weekly support level is WS2 but I doubt we will visit there. Any further dip to the weekly support WS1 is for buying. As far as current price action is concerned, it is currently facing daily resistance. If this resistance is broken, the next level is the next daily resistance DR2 around 0.77.