πŸ”₯ MATIC Market Structure Still Intact. For now.

Over the last couple of months I have made a lot of analyses on MATIC and the bullish channel it was trading in. However, since last week's capitulation the bullish channel is not our pattern of focus anymore.

πŸ”₯ MATIC Perfect Swing Trading Asset: Bullish Channel


If we zoom out the chart, we can clearly that MATIC has bounced from the support line, which goes back all the way to May-21. In case of a bounce, I hope for a strong move towards $2 or so. Be aware that this is completely dependent on Bitcoin and the stock markets. If BTC continues to drop, expect a move towards $1.

Happy trading!
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