Polygon (MATIC): Reversal or more downside?

MATIC is forming a descending triangle—most likely a bearish continuation.

Wait for the breakout to be confirmed either above the upper line (reversal—long) or below the support line (breakdown—short) before entering this trade.

Any thoughts, please share with us!

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Cheers.

تعليق:

Instead of a descending triangle, MATIC is forming a bearish pennant.

تعليق:

Matic just broke out of the "descending" triangle. Price has broken the prior highs at $1.112. Wait for the pullback to see if price will be resisted or supported before taking a reversal trade. Reversal could take us back to $1.35, so absolutely worth keeping an eye on!

تم فتح الصفقة

أغلقت الصفقة: تم الوصول للهدف:

Target of $1.35 has been reached.