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MATIC Network / TetherUS

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MATICUSDT trade ideas

Matic: Almost Ready To Rise AgainMatic: Almost Ready To Rise Again From the previous analysis, Matic found a strong support area near 0.7300 as expected. The price looks like it is close to the end of the correction and we can see a bullish move happening soon. The targets we are looking at are realistic targets and the price tested these areas one month ago. It is possible that Matic may test 0.7673 before it moves higher again. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
MLong
by KlejdiCuni
1
MATIC/USDT 4HInterval ChartThe last one in today's list is the MATIC chart in the USDT pair, like its predecessor on a four-hour interval. First, we will use blue lines to mark the upward trend channel in which we could observe an attempt to break the price down, but as it turned out, it was a false break after which the price returned to the channel and started dynamic growth, creating an upward trend line along which moves. Moving on, we can move on to marking the resistance points. And here, as the first one, we have a strong resistance zone from $1.01 to $1.09, which is the place of the last price hill, and the current place of struggle, when the price breaks out of this zone, it may result in a quick move towards the resistance at $1.34. Looking the other way, we will determine support areas and here we can determine the first support at $0.93, then the second support at $0.83, and then the third at $0.77. After turning on the EMA Cross 10 and 30 indicator, we can see how they continue to indicate that the current uptrend is continuing. Please look at the RSI indicator, because despite the increases, there is room for a potential further upward movement, while when you look at the STOCH indicator, you can see a movement above the upper limit, which often leads to a reduction in growth or a correction.
M
by cryptodailyuk
Trading Opportunity Analysis on MATIC/USDTIntroduction: Provide a brief overview of MATIC/USDT. Highlight the current order block zone between 0.91 and 0.93. Technical Analysis: Identify the order block zone (0.91 - 0.93) as a potential entry point. Use Fibonacci retracement (38% level) to confirm the entry point. Set a tight stop-loss for risk management. Reasons for the Trade: Explain the decision to enter a position based on the order block zone and Fibonacci retracement level. Justify the choice of a tight stop-loss to minimize losses in case of adverse market movements. Profit Targets: Identify resistance levels between 1.01 and 1.03 as profit targets. Explain the rationale behind choosing these specific resistance levels. Risk Management: Discuss risk management, including position size relative to the total capital. Emphasize the importance of the stop-loss in protecting capital. Fundamental Analysis (if applicable): Highlight any fundamental factors that may influence the MATIC/USDT price. Provide information on recent or upcoming developments that could impact the trade. Conclusion: Summarize key points from the analysis. Mention upcoming events to monitor for confirming or adjusting the position. Disclaimer: Warn about the inherent risks in trading. Recommend conducting individual research before making any trading decisions.
MLong
by CRYPTO_SETUP