Matic surge caused after Polygon was selected to participate in Disney’s accelerator program.
What’s the trick?
If MATIC rejected at $0.75 or in the worst case at $1.08 -due to too many short orders-, the probabilities of breaking the $0.38-0.29 demand zone are highly increased.
Under these conditions, next support is $0.04 or lower; a 94% fall from the current price.
For a wise investor its better to buy the $1.08 bullish retest than the current price $0.75.
What’s the trick?
If MATIC rejected at $0.75 or in the worst case at $1.08 -due to too many short orders-, the probabilities of breaking the $0.38-0.29 demand zone are highly increased.
Under these conditions, next support is $0.04 or lower; a 94% fall from the current price.
For a wise investor its better to buy the $1.08 bullish retest than the current price $0.75.