MATIC APPROACHING A MASSIVE ZONE

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Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX

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QUICK UPDATE ON MATIC,

As we mentioned in the previous text analysis, if the price managed to breaking below then a further bearish movement would be expected

As we can see price is still overall bullish, from a long-term perspective.

However, price is approaching a strong and a massive area WHY?

Price is still overall bullish, and price is approaching our rising trendline lining up with our support zone, so we will be looking for new longs

Like: a trendline break, double bottom pattern or any bullish reversal patter as per your trading plan


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and as usual follow your trading plan and manage your risk.

Be patient and good luck!