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MATICUST trade ideas

🔥 MATIC On Bear Market Support: Big Reversal Coming?With BTC trading bearish over the last few weeks, alts have taken a big hit. MATIC is one of the alts who has practially lost all the gains over the last half year in a matter of weeks. However, MATIC has found support on the main bear market support (purple). This signal is based on the idea that the support will hold and that both alts and BTC will reverse from extreme oversold conditions. Stop below the recent low, target at the main bearmarket top.
MLong
by FieryTrading
7
✴️ We Are Looking Awesome Long-Term | Polygon To $7.65While Polygon is sure to take part in the first 2024 Cryptocurrency marketwide correction, this is only a short-term move. Short to mid-term to be more specific as this correction can extend and about this we will know more pretty soon. Polygon has been growing long-term, it is surely an amazing project. Cryptocurrency as a whole is something unique; a perfect technology for us now, for the information age (Aquarius). The bear-market bottom low for MATICUSDT happened June 2022, which matches the orthodox end of the bear market for Bitcoin and most of the major Altcoins. Drawing a trendline from this major market low and passing through Sept. & Oct. 2023 we can get a trendline support. This can be the correction low, potentially a long-term higher low. You know in this channel we look at the charts not only as trading opportunities but also for learning. I try my best to explain the signals and market conditions together with the overall market picture. Being aware of the long-term possibilities of a trading pair is a great way to avoid panic when prices are going down; it is an amazing way to be prepared. Knowing that Polygon going down is only temporary can help you to stay strong, hold strong or it can help you sell to buy back lower; whatever you do is your choice. There is a trick with selling and buying back lower. ➖ We can't predict with exactitude the next bottom/low/support. ➖ Market psychology can lead to selling the bottom rather than buying, so a plan is needed to make the most of information like this one. Regardless of what happens in the short to mid-term, MATICUSDT is set to grow long-term. ➖ 2024 will be an amazing year for Cryptocurrency. ➖ 2025 will be more than great. 👉 We are looking at $7.65 as a new All-Time High —in the vicinity of this price, it can vary wildly. I see a stop around $2.2222 on the way up with other important points that we will visit and study once the next bullish move shows up. I appreciate your time. I appreciate your consideration. I appreciate you always reading. Thanks a lot for your continued support. Namaste.
MLong
by AlanSantana
8
📈MATIC Analysis: Key Support Area⚡️🔍Today, our focus is on MATIC, which finds itself on a significant support level in the 4-hour timeframe, presenting a vital opportunity for its progress path. ☢️Following the Iran-Israel conflict news, the entire market experienced sharp declines, leading to a more rational market condition. The previous sharp wave corrected to the 0.382 Fibonacci level, and currently, with the breach of $0.6449, we could anticipate another downward movement. 📊Red candle volumes continue to surpass green candles, confirming the downtrend. Additionally, the SMA25 indicator approaching the price could potentially drive it downwards, serving as validation for the continuation of the trend. If SMA25 fails to exert downward pressure, the market may enter a range until SMA99 aligns with the price. 📉The short trigger lies at $0.6449, coinciding with the support breach, validating the Fibonacci continuation level as a good entry point. Simultaneously, if the RSI closes below 34.25, it further confirms the entry, providing additional confidence. 📈For long positions, a trigger at $0.7491 could be suitable, requiring at least one price reaction to establish a higher low. In such a scenario, the price has returned from the 0.382 level but failed to breach the main support, indicating seller exhaustion. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
MShort
by itsparham96
1
MATIC at 0.886 Fib spot buying zone! 🌐 Potential for 3x gains "🔍 MATIC is currently at a critical level, sitting at the 0.886 Fibonacci retracement zone, a historically strong support area. 📊 This level often indicates a reversal point in the price action. 🔄 Additionally, we're seeing promising signs of accumulation, suggesting strong buying interest. 💡 For traders looking to capitalize on this setup, spot buying at this zone could be strategic. 🎯 With the potential for a 3x increase in value, there's a clear opportunity for significant gains. 🚀 🔥 As always, it's crucial to consider risk management strategies, such as setting stop losses to protect against unexpected market moves. 💪 Stay tuned for potential breakout targets and updates! 💼 #MATIC #Crypto"
MLong
by SatoshiPremium
MATIC - Ranges overview We are currently trading below the lows of the HTF range (red lines) on MATIC. Let's see IF BTC hold its lows and manages to hold the overall crypto market. IF we fail to hold these levels on MATIC we should hunt the sellside liquidity resting around 0.4000$ IF we hold these levels expect us to aggressively run the buyside liquidity. Don't try and FRONT RUN THE MARKET LET THE MARKET SHOW YOU ITS HAND AND REACT TO IT Stay safe and never risk more than 1-5% of your capital per trade. The following analysis is merely a price action based analysis and does not constitute financial advice in any form.
M
by Patrick2707