Let me begin by saying I am VERY BULLISH on MATIC. But here and there price does come down and the technicals (4HR and Daily time frame) are showing a possible downtrend for MATIC for the short term. MATIC has made a double top with a very significant bearish divergence on MACD. If price falls below 1.85 look for price to fall back into a range between 1.65-1.50. There is also previous accumulation between the 1.80-1.75 level so we might only fall back to this level. If we are able to accumulate at the 1.80-175 instead of the 1.65-1.50 level, it will really showcase the bullish nature of MATIC. I am looking for accumulation around a certain price range to find a good entry and stop loss.
Trade safe and remember the market doesn't care about you!
Trade safe and remember the market doesn't care about you!