MATIC - Top-Down Analysis!

Hello everyone, if you like the idea, do not forget to support with a like and follow.

WEEKLY: Right Chart
MATIC is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes.

DAILY: Left Chart
MATIC is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing.

Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)

Meanwhile, until the buy is activated, MATIC would be overall bearish can still trade lower inside the green support.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich