๐ฅ Hi friends! The value area is a place where the whales accumulate/distribute their positions. Now MATIC is consolidainge inside the HUGE value area and I think it's an accumulation.
๐ฉThe price of this altcoin should skyrocketing when it break the top boundary of this area ($0.96). So this is a main reason to open our longs before it happen and make a good profit.
๐ THE TRADING PLAN FOR MATIC:
1. squeeze to the trendline after the pullback
2. the huge buy orders on DOM and Footprint sclaping tools before the breakout
3. bullish BTC is a must have for the 99% of altcoins growth
๐ฉThe huge volume confirm the liquidation of the overleveraged long traders. It's force me to think that the recovery is possible even in a short term.
โ
MY TARGETS FOR MATIC:
๐ฅ $1 - key level and even number
๐ฅ $1.16 - key level and local high
๐ฅ $1.3 - key level and local high
Traders, I recommend you to book at least 30% of profit when the price reach each of our targets. Make a money and stay tuned!
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade