HurricaneCapital

MATICUSDT: Bullish rally will continue

Long
BYBIT:MATICUSDT   MATICUSDT SPOT
I'm sharing with you another great trading plan for medium-term position holding and local trade planning for MATIC coin.

In the medium term, the correction in the form of ABC pattern (in wave B) is probably completed.
At the moment the impulse structure of wave 1 is already forming within the big C wave.

Locally, the price took a timeout for the correction in wave 4, after which we should expect the continuation of growth in the framework of wave 5 (in wave 1).

It is possible to try to win back the local decrease by opening a short position at the first signs of price reversal to start the decrease in the framework of wave C (in wave 4).
Opening a long position is relevant on the border of the main ascending channel and the trend line.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.