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Polygon [MATIC] will see more sell pressure below $0.9780
Short
Polygon [MATIC] will see more sell pressure below $0.9780
By AMBCrypto_TA
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Updated
May 5, 2023
4
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May 4, 2023
Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan).
A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe).
The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position.
Entry: $0.9780 (below bullish OB)
Exit/target: $0.9515 (lower support)
Stop-loss: $0.9865 (above the bullish OB)
R:R - 3
May 5, 2023
Trade closed: stop reached
Price closed above the stop loss.
Chart Patterns
Technical Indicators
maticnetwork
maticprice
maticpriceforecast
maticpriceprediction
maticshort
maticusd
MATICUSDT
polygonmatic
polygonusdt
Trend Analysis
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