Singkat
Is Polygon MATIC doomed?
BINANCE:MATICUSDT
Polygon is making efforts to initiate a recovery that could reach the breakdown level at $0.94. However, strong defensive measures from the bears are expected at this level. If the price turns down from $0.94, it would indicate that the bears have transformed this level into a resistance zone. They will likely attempt to further solidify their position by pulling the MATIC/USDT pair below $0.81, potentially leading to a decline towards $0.69.
Conversely, if buyers successfully drive the price above $0.94, it would signify robust buying at lower levels. The pair may initially rise towards the 50-day SMA ($1.03) and subsequently attempt a rally towards the resistance line.
Let me know what you think!
Follow me for more TA!
Polygon is making efforts to initiate a recovery that could reach the breakdown level at $0.94. However, strong defensive measures from the bears are expected at this level. If the price turns down from $0.94, it would indicate that the bears have transformed this level into a resistance zone. They will likely attempt to further solidify their position by pulling the MATIC/USDT pair below $0.81, potentially leading to a decline towards $0.69.
Conversely, if buyers successfully drive the price above $0.94, it would signify robust buying at lower levels. The pair may initially rise towards the 50-day SMA ($1.03) and subsequently attempt a rally towards the resistance line.
Let me know what you think!
Follow me for more TA!
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.