๐ฅMATIC IS A MOST STRONGEST ALTCOIN: +20% IS ONLY FIRST TARGET
ืืขืืืื
๐ฅ Hi friends! Matic fell well and very bullish altcoin unlike Cardano and many other weak altcoins. In this idea, I will explain my point of view and the most possible scenario for Polygon.
Now we see how the price makes a pullback after the test of the value area of $0.89-0.94 as the resistance. Matic fell to the key level of $0.76 and this is a key area where we should open a long.
๐ PRECONDITIONS TO OPEN A LONG ON MATIC:
1. false breakout of the key level of $0.76
2. volume growth
3. bullish BTC
โ THE LONG TARGETS FOR MATIC:
๐ฅ $0.89-0.94 - closest value area and strong resistance
๐ฅ $1 - key level and even number
๐ฅ $1.3 - local highs and key level
๐ฉTake a look at the chart and previous value areas tests. It became the strong resistance so often, so if MATIC makes a false breakout after reaching it, I recommend you to close the whole trade and pull the sl to breakeven. Also, you can try to open a short but only if you will see that BTC will become bearish soon.
Traders, what is your opinion on MATIC? Do you hold this coin as a long-term investment? Let me know in the comments!
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.
Now we see how the price makes a pullback after the test of the value area of $0.89-0.94 as the resistance. Matic fell to the key level of $0.76 and this is a key area where we should open a long.
๐ PRECONDITIONS TO OPEN A LONG ON MATIC:
1. false breakout of the key level of $0.76
2. volume growth
3. bullish BTC
โ THE LONG TARGETS FOR MATIC:
๐ฅ $0.89-0.94 - closest value area and strong resistance
๐ฅ $1 - key level and even number
๐ฅ $1.3 - local highs and key level
๐ฉTake a look at the chart and previous value areas tests. It became the strong resistance so often, so if MATIC makes a false breakout after reaching it, I recommend you to close the whole trade and pull the sl to breakeven. Also, you can try to open a short but only if you will see that BTC will become bearish soon.
Traders, what is your opinion on MATIC? Do you hold this coin as a long-term investment? Let me know in the comments!
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.
ืขืกืงื ืกืืืจื: ืืืขื ืืืฉื
๐ฅ Hi friends! +105% on MATIC since fall breakout. I suppose you do not forget this trade! Now MATIC is even higher than my third target ($1.3).Nice trade, low risk, great profit.
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