Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
MATIC is overall bullish trading inside the red channel and now approaching the lower trendline.
Moreover, the blue zone around 0.7 is a strong support zone .
So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower red trendline. (acting as non-horizontal support)
As per my trading style: As MATIC approaches the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich