Polanalysis
MATIC/POL buyers beware; bearish signals in the mid-term (1W)The MATIC/POL pair has been dropping for over 1200 days from its peak price, but the structure suggests that a new bullish pattern may have started from the point where we placed the red arrow on the chart.
We’ve marked a supply zone on the chart that could reject the price downwards.
The minimum expectation is for the price to drop to TP1.
The best buying zone for MATIC/POL is the green zone at the bottom of the chart, which could push the price upwards by more than 500%. In fact, it is expected that wave A of the bearish pattern or X wave will end in this area, and the price will enter a mid-term or even long-term bullish phase.
A weekly candle closing above the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
POLUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry zone: market and lower
Targets: 1 - 1.4 - 2
after first target reached move ur stop to breakeven
Stop: ~0.3 (depending of ur risk).
RR: 1 to 10
ALWAYS follow ur RM
risk is justified
It's not financial advice.
DYOR!