🔥 MATIC Retracement After Parabolic Move: Support Area Located

MATIC has seen incredible gains in 2023. However, the half February move appeared to be too violent, so the market had to cool down a bit.

MATIC is currently closing in on a major area of support, see yellow marked area. In my view, there's a high probability that a bounce of some sort will occur from there.

Not sure yet if we're going to see new local highs in the near future, so keeping the targets close in blue.