Long

MATIC BULLS TO TAKE OVER!

Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

If you like the idea, do not forget to support with a like and follow.

QUICK UPDATE ON MATIC,

As we can see price is now sitting around a strong support zone previously acting as a resistance!

So, for now we will be looking of new buy setups as we are around a strong support zone.

Moreover, price is still overall bearish trading inside this channel from a short-term perspective and for the bulls to kick in we need a new swing high to be formed around the falling trendline then a break.

Until that price is still bearish, and price can still trade more lower before reversal.


If you like this kind of analysis don't forget to like and follow

and as usual follow your trading plan and manage your risk.

Be patient and good luck!
Chart PatternsSupport and ResistanceTrend Analysis

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