MATIC : Short term Bearish on QM Setup
Hello :D
Price have create a Higher Highs and followed by Lower Lows on H1. Currently there is two time prices rejection on SBR Zone (0.358 FIB Level). Which is right below Supply Zone around 2.6300 $.
This also show there is Liquidity Pool between that area.
The Possible Exit is at:
- Minimum Exit : 2.3000$ (1.618 Fibs)
-Target Exit Zone : 2.0830$ (2.618 Fibs)
This Bearish market is because on Daily BBMA Setup, price have touch the 5/10 Lows and don't have enough momentum to continue the BULLISH Trend. Possible price will target the 50 Daily EMA which at the same level with Target Exit Zone.
Thank you and wish you all have a nice day :D Peace.
Price have create a Higher Highs and followed by Lower Lows on H1. Currently there is two time prices rejection on SBR Zone (0.358 FIB Level). Which is right below Supply Zone around 2.6300 $.
This also show there is Liquidity Pool between that area.
The Possible Exit is at:
- Minimum Exit : 2.3000$ (1.618 Fibs)
-Target Exit Zone : 2.0830$ (2.618 Fibs)
This Bearish market is because on Daily BBMA Setup, price have touch the 5/10 Lows and don't have enough momentum to continue the BULLISH Trend. Possible price will target the 50 Daily EMA which at the same level with Target Exit Zone.
Thank you and wish you all have a nice day :D Peace.
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