🔥 MATIC Bull-Flag: Incoming Important Area

MATIC has been trading inside this bull-flag pattern for well over two months now. With BTC trading relatively stable, MATIC bulls saw a chance to move the price higher back towards the flag's resistance.

In my view, this resistance will be a perfect moment for taking profit, which will likely cause some kind of bearish reversal. I'm looking at the yellow area to determine MATIC's next move.

A stable/bullish BTC combined with a break out of the bull-flag pattern: long MATIC, targets in blue.

Bearish BTC combined with a reversal from the top resistance: short MATIC, target at the bottom support of the pattern.

Bull-flags are classically bullish patterns, but with the stock markets in distress I'm reluctant to be confidently bullish. Again, eyes on the yellow area for clues.