EthanTW

MATICUSDT - Buying opportunity?

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BYBIT:MATICUSDT   MATICUSDT SPOT
MATICUSDT
1H trend chart
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MATIC is converging as a triangle.
Now, it left an upper shadow line of 1H candle, means the resistance from trend line still works.
If price can break out the downtrend line without long upper shadow line, trading strategy as below.
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Profit Targets:
a) 2.0497~2.09050----Fib(1.272~1.382)
b) 2.1921----Fib(1.6182)
c) 2.3493-----Fib(2)

Stop losses:
a)1.7101-----Red horizontal line
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