Lingrid | MATICUSDT potential BREAKOUT of the DOWNWARD channel

Apr 30

On the 1H tiemframe, BINANCE:MATICUSDT broke and closed below the support level that became the resistance zone. The price is rolling back from the border of the channel. On a broader view, the market is a consolidation zone, and the market did not test the bottom of it. I think the market might continue moving downward since the overall trend is bearish on the 4H timeframe. I expect the market to retest the upward trendline and resistance around 0.68500, then move down to retest the support levels. My goal is a support level at 0.6380


Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻