MATIC/usdt 1H
The price has hit its downward trend line and is at a static level and a short-term support trend line. Due to the negative divergence of the RSI oscillator, the weight of the fall is greater.........If the downtrend breaks, it enters a short-term bullish phase, we can take a buy position on a price retest and the downtrend scenario is cancelled.
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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.