New idea for matic.

26 พ.ค. 2021

So from my previous post I said it would most likely pull back some once we hit this level. But from what I see on the hourly chart we might have enough upward pressure to take us up to old (ATH) and maybe set new (ATH) before another 30 - 40% pull back occurs. I only think this because of how we are consolidating right now. Usually when consolidation is going on in these particular circumstances you will see a breakout to the upside. So yeah, this is what I think we should be looking to see over the next 24 hours. So if you have not taken a position and you want to get in MATIC this I would say now is a good time but do not forget to set you're stop losses just under the first resistance level.

Plus there is a shit ton of hype around Polygon w/ Mark Cuban getting in and what not.

This is not financial advice only my opinion from years of trading with tools that I understand and know in order to produce a good analysis.

As always,

Happy Trading Traders & NEVER TRADE LEVERAGE!!