🔥 MATIC Bounce Call Successful: More Gains To Come

1 дек. 2021 г.

Around two weeks ago I made an analysis on MATIC. In this analysis I wrote that there was potentially more downward pressure for MATIC to come and that the bottom support of the channel was a great entry for a reversal trade.

The analysis ended up in a nice win, congrats if you took the trade. As of the last days, MATIC is seeing a strong push upward, closing in on the first target. The targets from the previous analysis remain the same, although be aware we could rise very quickly and reach the top of the channel before TP2 has been hit, this would also make a great exit.

At the very least, I'm expecting some downward pressure after hitting the top of the channel. Be prepared for a potential 10%-20% sell off after that area has been hit. Best case scenario would be for the price to push through the channel and aim for a new all-time high. Keep a close eye on MATIC.

Happy trading!