🔥 MATIC Ideal Reversal Point: Bullish Channel

If you've been following me for a while, you must have seen a couple of my MATIC analyses.

I've been trading this channel for a couple of months now, and today (and two days ago) we've had a major LONG signal come to us. We touched the bottom support of the channel again.

I'm going to assume that BTC will remain stable for now. We went slightly below $40k and saw a massive bullish reversal from that area back to where we are now. $40k seems to hold strong.

Target for the reversal would be the top of the channel. Be aware we might touch the channel's support again or even go slightly under it.

Happy trading!