Matic - Going Long Here
Updated
I think Polygon is going to have a large part in the next phase of ethereum and maybe crypto at large, so I've been looking for an entry into MATIC.
Well here's my entry.
Bitcoin pulled back hard today, and brought all the coins with it. I'm seeing Matic finalizing it's downtrend, with an overselling event, which brings prices to the bottom of the yellow range.
That should be a strong support level, to finalize the last 2 legs of this summer's rally. I may take profits there, depending on the macro.
Well here's my entry.
Bitcoin pulled back hard today, and brought all the coins with it. I'm seeing Matic finalizing it's downtrend, with an overselling event, which brings prices to the bottom of the yellow range.
That should be a strong support level, to finalize the last 2 legs of this summer's rally. I may take profits there, depending on the macro.
Comment
and I'm all out of the trade.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.