Deangod

Matic (Polygon) Swing Trading Analysis 4H timeframe

BINANCE:MATICUSDT   MATIC Network / TetherUS
Price is currently testing our minor resistance which has acted as support in the past. If we manage to get a 4HR close above this we may see a potential short-term movement to the upside. As of now I will be preparing for any possible scenarios and wait for a clear directional bias before adding more positions. I would want to see price consolidate between our minor resistance and daily support until the RSI indicates that we are in the "oversold" status.

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