Long
MATICUSDT Local Range| Range High| Range Low| Trend
Evening Traders,
Today’s analysis – MATIC – trading at range high resistance where a break will be bullish,
Points to consider,
- Price Action Trending
- Swing High Objective
- Range High Resistance
- Declining Volume
MATICUSDT’s immediate price action is trading under a key resistance – range high- that needs to be broken with an impulse.
The swing high is the current objective, exceeding this level will increase the probability of a trend continuation.
The current volume is on a decline, this is indicative of an influx when testing key trade locations.
Overall, in my opinion, MATICUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius
Today’s analysis – MATIC – trading at range high resistance where a break will be bullish,
Points to consider,
- Price Action Trending
- Swing High Objective
- Range High Resistance
- Declining Volume
MATICUSDT’s immediate price action is trading under a key resistance – range high- that needs to be broken with an impulse.
The swing high is the current objective, exceeding this level will increase the probability of a trend continuation.
The current volume is on a decline, this is indicative of an influx when testing key trade locations.
Overall, in my opinion, MATICUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.