MATIC, where is a good time to buy?
In the last idea, we said that a break of the trend line and the $1.76 level could be a good buying opportunity.
After breaking the upper boundary of the range, the price went up almost 20% and tested the resistance zone. There was also a lot of volume at the top. This is a bad signal. As a result, we see a small pullback.
It is dangerous to buy now after such a strong rise. We should wait for a correction or a clear trading situation. The marked big value area is at the bottom. A test of this area as support could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
After breaking the upper boundary of the range, the price went up almost 20% and tested the resistance zone. There was also a lot of volume at the top. This is a bad signal. As a result, we see a small pullback.
It is dangerous to buy now after such a strong rise. We should wait for a correction or a clear trading situation. The marked big value area is at the bottom. A test of this area as support could be a good buying opportunity.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
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