MATIC/USDT In the Crucial Zone, MATIC Need Bounce to Continue Up
💎 MATIC is undeniably on our radar. Currently, it's nestled within a support zone after facing a staunch rejection from the daily resistance. This juncture will determine MATIC's next move: either ascend to re-challenge the daily resistance or descend towards the imminent demand zone around $0.537.
💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally.
💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.
💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally.
💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.
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Do you Want to start trading like a PRO?
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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.