MATICUSDT Local Range| Range High| Range Low| Trend
Evening Traders,
Today’s analysis – MATIC – trading at range high resistance where a break will be bullish,
Points to consider,
- Price Action Trending
- Swing High Objective
- Range High Resistance
- Declining Volume
MATICUSDT’s immediate price action is trading under a key resistance – range high- that needs to be broken with an impulse.
The swing high is the current objective, exceeding this level will increase the probability of a trend continuation.
The current volume is on a decline, this is indicative of an influx when testing key trade locations.
Overall, in my opinion, MATICUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius
Today’s analysis – MATIC – trading at range high resistance where a break will be bullish,
Points to consider,
- Price Action Trending
- Swing High Objective
- Range High Resistance
- Declining Volume
MATICUSDT’s immediate price action is trading under a key resistance – range high- that needs to be broken with an impulse.
The swing high is the current objective, exceeding this level will increase the probability of a trend continuation.
The current volume is on a decline, this is indicative of an influx when testing key trade locations.
Overall, in my opinion, MATICUSDT is a valid long with defined risk, price action is to be used upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
It does not matter how slowly you go as long as you do not stop.”Confucius