✴️ Polygon Has Bullish Potential | Can Grow 100%+

20 дек. 2022 г.

Ever since the 18-June low, Polygon has remained strong and the lowest level hit after the early November price peak is above the 0.618 Fib. retracement level...

Let's dive into this chart.

Feel free to boost 🚀 to show your support.

Now, volume is a strong indicator we say but there is also another signal that is important to keep in mind.

We will call it the chart structure or stability.

Notice how MATICUSDT has been trading within a stable range after recovering from the June/July drop. This is a signal of strength.

When we had a strong injection of bear volume, prices remained trading above the Fib. 0.618 support level.

This whole phase is considered consolidation...
Consolidation happens before a price jump.

MATIC looks good, it can produce additional growth.

But keep in mind that the charts can always change.
That's why we have a plan, follow a strategy and use a stop-loss if we decide to trade.

Thank you for reading.

I hope you are enjoying the content and find it useful for your growth, learning, success and trading.

Namaste.