MATIC/USDT : No more fun for bulls...
Updated
BINANCE:MATICUSDT
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
Recently #MATIC has rallied above $2.5, Now it just formed a bearish order-block at the local high on 12H's time-frame and rejected below the EMA50.
Here we have the EMA50 as resistance and I expecting more downward movement till MSB for filling some bids at there, After that; We might see more bullish momentum because of the approaching EMA200 !
However I expect the continuation of downward movement to the S/R line and more till order-block.
But any pullback from MSB and retest on H12 (Supply) will gave us this opportunity to SHORT the movement till the Equal Lows...
- How I would play this now ?
I'll be waiting for MSB and then set limits to short on formed H12 Supply into the equal lows below.
In any other case we have to wait for #MATIC to form the bottom and take LONG to the Supply above !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Hello everyone 😃
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it !
Recently #MATIC has rallied above $2.5, Now it just formed a bearish order-block at the local high on 12H's time-frame and rejected below the EMA50.
Here we have the EMA50 as resistance and I expecting more downward movement till MSB for filling some bids at there, After that; We might see more bullish momentum because of the approaching EMA200 !
However I expect the continuation of downward movement to the S/R line and more till order-block.
But any pullback from MSB and retest on H12 (Supply) will gave us this opportunity to SHORT the movement till the Equal Lows...
- How I would play this now ?
I'll be waiting for MSB and then set limits to short on formed H12 Supply into the equal lows below.
In any other case we have to wait for #MATIC to form the bottom and take LONG to the Supply above !
Hope you enjoyed the content I created, You can support us with your likes and comments !
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
Helical_Trades
Trade active
12% dropped and now it's below the S/R, The path is clear to retest the lower order-block !
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TELEGRAM :
t.me/Helical_Trades
Instagram ( Persian - فارسی ) :
instagram.com/helical_trades/
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