שורט
Is Polygon MATIC doomed?
$BINANCE:MATICUSDT
Polygon is making efforts to initiate a recovery that could reach the breakdown level at $0.94. However, strong defensive measures from the bears are expected at this level. If the price turns down from $0.94, it would indicate that the bears have transformed this level into a resistance zone. They will likely attempt to further solidify their position by pulling the MATIC/USDT pair below $0.81, potentially leading to a decline towards $0.69.
Conversely, if buyers successfully drive the price above $0.94, it would signify robust buying at lower levels. The pair may initially rise towards the 50-day SMA ($1.03) and subsequently attempt a rally towards the resistance line.
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Polygon is making efforts to initiate a recovery that could reach the breakdown level at $0.94. However, strong defensive measures from the bears are expected at this level. If the price turns down from $0.94, it would indicate that the bears have transformed this level into a resistance zone. They will likely attempt to further solidify their position by pulling the MATIC/USDT pair below $0.81, potentially leading to a decline towards $0.69.
Conversely, if buyers successfully drive the price above $0.94, it would signify robust buying at lower levels. The pair may initially rise towards the 50-day SMA ($1.03) and subsequently attempt a rally towards the resistance line.
Let me know what you think!
Follow me for more TA!
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.