Binance: MATIC/BTC Long - Can it go all the way ?
MATIC is currently facing cloud resistance. After a few days of market volatility it was able to find support and close the last 3 days above the 50MA. It has also being achieving a higher low signaling an uptrend. If it falls under the 50MA and closes under 203, then the trend has reversed and we are now bearish. On the other hand, if the uptrend continues, it will take us into the first target. If it gets enough volume, breaking and holding above the 1.0 Fib will take us into a long term trade on which we will have to update the trade and follow the weekly chart.
Entry: 205 - 215
TG1: 235
TG2: 250
TG3: 270
Stop if daily closes under 203
Entry: 205 - 215
TG1: 235
TG2: 250
TG3: 270
Stop if daily closes under 203
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