Hello Traders,
MATICUSDT is currently testing an important level of resistance. As you can see we broke the previous minor resistance and turned it into support. This one is a much more important level of resistance.
This zone also comes at the 61.8% Fib if we draw Fibonacci on the last impulse to the downside. 61.8 is the important level to pay attention in Fibonacci.
If the price breaks out above this zone, we can definitely look for longs. An immediate resistance above this would be around 1.5.
Take trade only after seeing a proper breakout and an overall positive market.
Have a nice trading day ahead.
MATICUSDT is currently testing an important level of resistance. As you can see we broke the previous minor resistance and turned it into support. This one is a much more important level of resistance.
This zone also comes at the 61.8% Fib if we draw Fibonacci on the last impulse to the downside. 61.8 is the important level to pay attention in Fibonacci.
If the price breaks out above this zone, we can definitely look for longs. An immediate resistance above this would be around 1.5.
Take trade only after seeing a proper breakout and an overall positive market.
Have a nice trading day ahead.
