AlanSantana

✴️ Polygon (MATIC) End Of The Correction?

Long
KUCOIN:MATICUSDT   Polygon / Tether
It is hard to call the end of a correction but why?

The bots adapt life to everything we do, everything we comment, everything we write, everything we share.

The correction can be due to be over now but if a large influx of money enters the market, the exchanges bots will "readjust" and dump on all of us rather than let the market flow.

No worries. The majority is in denial and it is hard to spot the end of a correction after all... Again, why?

Because there are multiple levels that are relevant for a correction to end.

Here we have the 0.618 Fib. retracement level short-term activated, below 0.382 Fib. retracement for the full bullish wave (since June) and lastly, the 0.5 Fib. extension level for this same wave as well.

The correction can end here when we look at the volume and the indicators, they already moved down strong enough but, if prices where to continue lower, the 0.8600 to 0.8900 price range is the next strong support.

It doesn't matter if the correction will end now or within a few days more... The bullish potential is really strong, Polygon has been growing since its June 2022 low.

✔️ 263 Days of higher highs and higher lows or almost 9 months.

✔️ The bear market ended in June 2022 for MATICUSDT... True, the bear market ended long ago.

✔️ Adapt and change.
✔️ Think long-term.

Thanks a lot for your amazing and continued support.

Namaste.

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