MATIC: Plan for Swing Trading at Ranging Market
Hello Guys!
Today I would like to present to you my trade idea for POLYGON/MATIC.
As you can see, in 4H time frame here, MATIC has broken the trendline with a solid candle and is now testing the 50 EMA.
If you look at 1 day time frame, MATIC is currently at the range between 1-1.2 USD (approximately).
The 4H breakout confluences with the rejection from support/range low of 1 USD.
Now, as long as MATIC does not break the 1 USD support, or if there is a correction from here, the correction does not exceed the box I draw, we can expect MATIC to go to 1.2-1.25 USD range, which gives us a good trade opportunity.
Once MATIC reach the resistance/range high, we can see if there is any bearish signal there, to set up a short trade there back to 1 USD.
Good luck with the trading and remember that this is not a financial advice!
Trade at your own risk!
Hope you find my idea helpful
Today I would like to present to you my trade idea for POLYGON/MATIC.
As you can see, in 4H time frame here, MATIC has broken the trendline with a solid candle and is now testing the 50 EMA.
If you look at 1 day time frame, MATIC is currently at the range between 1-1.2 USD (approximately).
The 4H breakout confluences with the rejection from support/range low of 1 USD.
Now, as long as MATIC does not break the 1 USD support, or if there is a correction from here, the correction does not exceed the box I draw, we can expect MATIC to go to 1.2-1.25 USD range, which gives us a good trade opportunity.
Once MATIC reach the resistance/range high, we can see if there is any bearish signal there, to set up a short trade there back to 1 USD.
Good luck with the trading and remember that this is not a financial advice!
Trade at your own risk!
Hope you find my idea helpful