Long
MATIC BREAKOUT! Wait for Retest?
MATIC has broken out of its long-term resistance in 1.3 USD, and is heading towards 2 USD zone as the next resistance.
The safer plan for now is to wait for a retest on resistance-turned-support (1.3)
We shall look for a bullish candle there to go for a long position/buy
However, if fails (no bullish candle and/or the support is broken, we may see an opportunity to 0.9 even 0.75 area
The safer plan for now is to wait for a retest on resistance-turned-support (1.3)
We shall look for a bullish candle there to go for a long position/buy
However, if fails (no bullish candle and/or the support is broken, we may see an opportunity to 0.9 even 0.75 area
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.