MATIC - Corrective Mess
Few of you requesting, so I'll try to keep some updates coming for these wilder coins.
MATIC has a very large corrective territory and its quite a mess, not a great area for trading. The good short was up at 0.886 of the previous peak that I made a thread on a while back.
The bounce looks to be in here. I don't trade regressive waves unless on capitulation bottoms for a quick scalp, but for more aggressive traders a long is perhaps on but imo its a foolish one because crypto is on the brink of another capitulation and you can wake up and be rekt.
Its very hard to tell where MATIC can bounce to at this point. Price is in deep correction for this territory. That said, price previously hit 0.886 fib, so on this retracemnt if it did climb to 0.786 that could be a good short.
At some point MATIC will be capitulating past previous crash low, perhaps around the end of this month - June.
Not advice.
MATIC has a very large corrective territory and its quite a mess, not a great area for trading. The good short was up at 0.886 of the previous peak that I made a thread on a while back.
The bounce looks to be in here. I don't trade regressive waves unless on capitulation bottoms for a quick scalp, but for more aggressive traders a long is perhaps on but imo its a foolish one because crypto is on the brink of another capitulation and you can wake up and be rekt.
Its very hard to tell where MATIC can bounce to at this point. Price is in deep correction for this territory. That said, price previously hit 0.886 fib, so on this retracemnt if it did climb to 0.786 that could be a good short.
At some point MATIC will be capitulating past previous crash low, perhaps around the end of this month - June.
Not advice.
We're into the post FED interest rate cut blow off phase for risk on markets🥳.
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I have many great deep value opportunities ❕
Many Trade Ideas Every Day 📈
Regular videos ✨.
Telegram Group: $50 per month 👍🏻.
Contact: t.me/dRends35
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