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Matic Looks Ripe for a Bounce/Break Here
#matic #crypto #altcoins
Just browsing through the charts this morning and thought I'd throw out a trade opportunity. There are many but Matic looks especially juicy here. Of course, it's always a bit risky before a FED meeting/press conference (i.e.- Jackson Hole) but I am not offering trading advice. I just wanted to show you one of the many opportunities I have spotted this morning.
Here's the case for entry here if you are so inclined:
- That Yellow TL comes all the way from Jan. '21. It has NEVER been broken to the downside.
- Price rarely touches this level on the RSI. Even more rare, would be a break below.
Probability stands on the long side here.