✴️ Polygon Hits Perfectly First Resistance, Next Target Mapped

15 בינו׳ 2023

It is hard to belief we haven't revisit Polygon since December 20... Yet it is my pleasure to share a new update for you but first, the previous trade idea to know where we are at:

✴️ Polygon Has Bullish Potential | Can Grow 100%+

Our resistance was hit perfectly and all the indicators are flashing green.

The RSI is trending up strong.
Before making the mistake to think that it will become overbought just zoom out and look at the weekly timeframe... Things are only getting started.

Always do this, when you see the daily timeframe looking over-extended, before reaching any conclusions first zoom out and you might get a new perspective.

Weekly MATICUSDT is moving above EMA50.
Closing and staying above this level is a very strong bullish signal.

Now, we are trading within higher low territory as we already know we can now aim/look forward to the next high.

There are many ways to extract targets/resistance levels but Fib. is our preferred tool.

This is giving us a potential target at $1.65 for 66%.

Very convincing...
It all looks really good but...
Remember, things can always change.

So we prepare for both scenarios, always.

• What to do is prices go up, how much to sell and when to sell...
  
• What to do if the chart changes and moves the other way... It is wise to prepare before-hand.
  

Nothing to lose, much to gain.

Namaste.