MATIC, large CHANNEL breakout! But where to open LONG?

31 мар. 2022 г.

Polygon (MATIC) is in a large growing channel. As the global trend is still ascending, we expect further price growth! Where should we take long positions?

Be careful when price touching the lower boundary of the channel. This is where the BIG players like to collect liquidity (fool the traders and collect their stops). There should definitely be an increase in volumes - a sign of a big player! After that, it is safest point to open LONG positions.

If Bitcoin continues to rise, MATIC will quickly reach the upper boundary of the channel!

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.