Long
Keep an eye on MATIC!!!
Hello, traders!
MATIC has broken above the long-term downtrend resistance, but it still has a few parameters to cross for a bullish confirmation.
1. The 65 EMA is currently holding the price back. MATIC needs to break above it for a solid confirmation.
2. MATIC also needs to close above the previous lower high of $0.536 to confirm a reversal.
Trade Setup:
~ Accumulation Range: $0.35 to CMP.
~ Trade Type: Spot.
~ Target: $1.3 to $2.
Note: Always conduct your own research and analysis before investing.
Trade safely.
MATIC has broken above the long-term downtrend resistance, but it still has a few parameters to cross for a bullish confirmation.
1. The 65 EMA is currently holding the price back. MATIC needs to break above it for a solid confirmation.
2. MATIC also needs to close above the previous lower high of $0.536 to confirm a reversal.
Trade Setup:
~ Accumulation Range: $0.35 to CMP.
~ Trade Type: Spot.
~ Target: $1.3 to $2.
Note: Always conduct your own research and analysis before investing.
Trade safely.
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.
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.