MATIC price analysis
Hey guys,
MATIC has been outperforming every other alt coins in this relief rally, as bitcoin is trading in the fixed zone from past 28 days currently it's heading towards the resistance zone while majority of the coins are forming bullish breakout conditions, coming days are gonna very crucial for entire crypto market. Irrespective of our thoughts, we have to move along with the market.
Moving to the MATIC chart, it's been in nice uptrend until it got struck in between the range $0.68 and $0.72, here what i am expecting, as it heading towards the local range support zone, we can observe that the sell pressure is decreasing, ofc anyone can say it by simply looking at the volume. Now what ?
I'm looking for the long entry opportunity here in this local support zone, not that i'm rigid to this plan, execution completely depends on the market sentiment at the time of entry.
End of the chart analysis, I'll post my trade setup on MATIC here soon.
Stay Updated - everything provided here is not a financial advice.
MATIC has been outperforming every other alt coins in this relief rally, as bitcoin is trading in the fixed zone from past 28 days currently it's heading towards the resistance zone while majority of the coins are forming bullish breakout conditions, coming days are gonna very crucial for entire crypto market. Irrespective of our thoughts, we have to move along with the market.
Moving to the MATIC chart, it's been in nice uptrend until it got struck in between the range $0.68 and $0.72, here what i am expecting, as it heading towards the local range support zone, we can observe that the sell pressure is decreasing, ofc anyone can say it by simply looking at the volume. Now what ?
I'm looking for the long entry opportunity here in this local support zone, not that i'm rigid to this plan, execution completely depends on the market sentiment at the time of entry.
End of the chart analysis, I'll post my trade setup on MATIC here soon.
Stay Updated - everything provided here is not a financial advice.
Trade closed: target reached
But not to forget wait until this hourly candle close above the range! once it closes plan your trade accordingly.