MATIC ANALYSIS: SHORT THE RESISTANCE
MATIC ANALYSIS:
MATIC has broken BELOW the 200MA and been showing signs of bearishness. On the recent wave up, RSI has topped out on the hourly and a strong hourly resistance block has formed from 190-200 sats. This is a short play. The entry for a short is from 180-190. It seems MATIC is making lower highs, so a front run here is recommended. The main targets are T1 at 166 sats, T2 at 156 sats, and T3 at 133 sats. The zone near ~130 sats is a major line of support, flip to long in this zone!
Possible Entries: 180-190
MATIC has broken BELOW the 200MA and been showing signs of bearishness. On the recent wave up, RSI has topped out on the hourly and a strong hourly resistance block has formed from 190-200 sats. This is a short play. The entry for a short is from 180-190. It seems MATIC is making lower highs, so a front run here is recommended. The main targets are T1 at 166 sats, T2 at 156 sats, and T3 at 133 sats. The zone near ~130 sats is a major line of support, flip to long in this zone!
Possible Entries: 180-190
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