Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here?
How do we trade this? 🤔
We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle...
MATIC is currently pulling back from its fanning bull channel into a bear channel that currently has two pushes down. This could be a 2-legged trap and the completion of the pullback before heading toward the upside.
How do we trade this?
In the short term, we should be looking for shorts since we've identified this bear channel. If the current 4HR candle...
