MATIC, will this support hold up?
Updated
MATIC is globally in an uptrend, but now a bearish pattern has started to form - lower maximums. This is not a very positive signal. Also worth highlighting is the formation of a bearish pattern like head and shoulders. This also indicates the weakness of the buyers.
At the moment, the sellers are restrained only by the trend line, which acts as support. In case of squeeze and breakout, there might be a good opportunity to sell.
A liquidity zone is marked below, which will stop the price in case of a fall.
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.
At the moment, the sellers are restrained only by the trend line, which acts as support. In case of squeeze and breakout, there might be a good opportunity to sell.
A liquidity zone is marked below, which will stop the price in case of a fall.
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.
Trade closed: target reached
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