MATIC - Potential Bullish Reversal! Update
Hello everyone, if you like the idea, do not forget to support with a like and follow. MATIC is sitting around strong daily support in green so we will be looking for buy setups. on H4: MATIC formed a valid channel in blue but it is not ready to go yet. Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right? Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy. We have two possible scenarios here, highlighted by the two projections in red or purple. and the red projection would result in a stronger setup. Meanwhile, until the buy is activated, MATIC would be overall bearish can still trade lower. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
0xsignals
MATIC - Potential Bullish Reversal! Update
Hello everyone, if you like the idea, do not forget to support with a like and follow.
MATIC is sitting around strong daily support in green so we will be looking for buy setups.
on H4: MATIC formed a valid channel in blue but it is not ready to go yet.
Before we buy, we want the buyers to prove that they are taking over again.
You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the last swing high (in gray) to buy.
We have two possible scenarios here, highlighted by the two projections in red or purple. and the red projection would result in a stronger setup.
Meanwhile, until the buy is activated, MATIC would be overall bearish can still trade lower.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
