Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
MATIC, as per our last analysis attached to the picture, let's update it now.
As we clearly see price above our previous major high and kept moving higher and higher
However, and for now we are still overall bullish trading inside this channel, from a long-term perspective.
Meanwhile price now is around a strong resistance zone where we are speculating a bearish movement
If the price managed to reject our resistance then a further movement lower would be expected
Till the lower rising trendline and support zone
Where we will be looking for new longs as a trend continuation
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!