Completion of 2-year consolidation Polygon MATIC price is near!
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The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser.
In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders.
In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea.
On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs.
What will happen this time? Write your thoughts in the comments.
In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders.
In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea.
On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs.
What will happen this time? Write your thoughts in the comments.
Note
Do you like the fairly predictable movement of the CRYPTOCAP:MATIC price and the prospects for growth to $1.50?Do you believe it? What are your goals for the #MATICUSDT price movement?
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