Is MATICUSDT Primed for a Bullish Reversal? Key Support Levels

2024年7月2日

Yello, Paradisers! #MATICUSDT is making an interesting move, raising the probability of a bullish reversal from a key support level.

💎#Polygon is showing a high probability of bullish continuation from a strong support zone. We've seen #MATIC consistently respect the descending resistance, recently break upward, and complete a retest phase. Currently, it’s respecting internal resistance and approaching support at $0.5399, raising the probability of holding momentum at this key level and planning a bullish reversal.

💎If #MATIC can successfully sustain momentum, there is a high probability it will break above the resistance at $0.5700 and make a robust bullish move, targeting levels above this resistance zone. The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level.

💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from the support at $0.5399 and loses momentum? This would clearly indicate that seller sentiment is in control, and #MATIC could drop significantly.

Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.

MyCryptoParadise
iFeel the success🌴

2024年7月16日

註釋

Price Hits Bullish Invalidation