TP - $2.4
reason for trade: tight stop, Matic would be on heavy support, TP is located where there was the most resistance in previous pumps / the level that created the sell off
The analysis of this currency depends on the break of the trend line. It is very difficult to consider the support of the trend line as a buy signal.
Must determine its course with strong support or breaking the trend line
As we can see price is near strong resistance zones and we can expect correction and fall here like red arrows on the chart.
only if the last resistance that is 3$ resistance zone break we can expect more pump and continuation of the pump here else as we said we are looking for a local dump.
strong supports and resistances are mentioned on the chart...
POLYGON has strong fundamentals and will not go anywhere but up in the long term! MATIC looks like it will follow the road forward with consistent wave-patterns. Expecting a breakout move up to reach 4 usd in March.
Ichimoku MATICUST cross pregnancy line near the key resistance
If you refer to my strategy, please control the possible loss of a single transaction at 1-2%! No matter how accurate, trading is a multi-party game many times a day! If you have a big position, there will always be a wave of wrong market burying your account
The following link has my trading...
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#MATIC is moving in a flat-top triangle, In other word; It has formed a bullish triangle and now the movement is approaching the edge of the pattern.
There will be scenario to play and...
Hope you get the point! Smash teh lick button if you do! 👅
*Hint: Follow the violet path...🔮
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
#MATIC/USDT currently trading at $2.37
As I predicted chart its dumped hard till our lower support at $1.90
Hope you also enter at dip.
Now As per chart in 3D bullish engulfing pattern formed.
So I am bullish on $Matic.
Hope you also entered at our Support zone.
But If not then
Good entry:- $2.00-$2.37
Perfect entry when price triggered at...
Important price levels specified
We have an uptrend line that if it breaks we can experience a drop of $ 1 and 40 cents.
And in the second stage up to the price of $ 1....
Given that we have reached the ATH of this chart ... the chances of falling are higher
MATIC is in a local trading range between the levels of $2.7 and $2.4. The price is in this range for two weeks already. It is dangerous to open trades yet, because it is not known who is stronger in this case - sellers or buyers. It is worth waiting for a clear confirmation.
It is also worth noting that the price starts decreasing near the lower boundary of the...