MATIC has been supported in the orange band.
There may be one last push high if the 50MA is breached (also the 1D mid BB) at $0.86
IF that occurs, MATIC could push to $1. Where I will enter a SHORT. Near the upper BB and 200MA.
Good Luck.
There may be one last push high if the 50MA is breached (also the 1D mid BB) at $0.86
IF that occurs, MATIC could push to $1. Where I will enter a SHORT. Near the upper BB and 200MA.
Good Luck.
Note
A start would need to flip resistance to support at $0.84, which MATIC is testing currently.Trade active
$0.905 is the 50% retrace from recent high to low. MATIC did not hit that price or break above it. The order book was full of sell orders at that level (and still is). Will this be the lower high in LPSY?My SHORT did Grab at $0.893 with a S/L of $0.915
Note
Distribution top. As long as this plays out correctly and UTAD rejects near $0.905, I will add more to my SHORT.
Note
Following structure, I just added more SHORT at $0.897, Now I am looking for MATIC to not make another local high.
Note
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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.