Panjang
MATIC LONG
Currently, the coin is moving in a downward direction. As we can see, a descending wedge pattern is forming, and I expect a breakout from this wedge pattern in the near future.
I anticipate the price to fall to the levels of $0.55 - $0.67 per coin, where I would start buying on the spot or consider going long on futures.
The reasons for entering at this level are:
Weekly FVG indicates a potential opportunity.
The 200-day ema on the Weekly TF usually acts as strong support for the price.
The 50-day ema on the Monthly TF also adds to the potential support level.
However, it's important to note that a break below $0.55 could signify further price decline. In such a case, I would assess the long position based on the situation.
I anticipate the price to fall to the levels of $0.55 - $0.67 per coin, where I would start buying on the spot or consider going long on futures.
The reasons for entering at this level are:
Weekly FVG indicates a potential opportunity.
The 200-day ema on the Weekly TF usually acts as strong support for the price.
The 50-day ema on the Monthly TF also adds to the potential support level.
However, it's important to note that a break below $0.55 could signify further price decline. In such a case, I would assess the long position based on the situation.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.