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Polygon (MATIC): Reversal or more downside?
MATIC is forming a descending triangle—most likely a bearish continuation.
Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.
Any thoughts, please share with us!
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Cheers.
Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.
Any thoughts, please share with us!
-If you agree with this, like and share.
Cheers.
Note
Instead of a descending triangle, MATIC is forming a bearish pennant.Note
Matic just broke out of the "descending" triangle. Price has broken the prior highs at $1.112. Wait for the pullback to see if price will be resisted or supported before taking a reversal trade. Reversal could take us back to $1.35, so absolutely worth keeping an eye on!Transaction en cours
Trade fermée: cible de profit atteinte
Target of $1.35 has been reached.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.