Will MATIC falter at this level?
Updated
MATIC’s price action rebounded from the mid-range.
The range low is a confluence of a bullish OB in H12 formed on 16 May and another bullish OB formed in H2 on 14 May.
A price rejection at the short-term range high could drag MATIC lower.
Entry: $0.89
Target: $0.84
Stop-Loss: $0.91
RR - 2.8
The range low is a confluence of a bullish OB in H12 formed on 16 May and another bullish OB formed in H2 on 14 May.
A price rejection at the short-term range high could drag MATIC lower.
Entry: $0.89
Target: $0.84
Stop-Loss: $0.91
RR - 2.8
Note
The stop-loss was smashed after BTC’s move above 26.6k
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