Long
Is MATICUSDT About to Retrace? Watch These Key Levels Closely!
Yello, Paradisers! MATICUSDT has recently shown a strong bullish move, but is it time to prepare for a retracement? 🧐
💎We’ve identified a crucial support level at the 61.80% Fibonacci retracement. A bounce from this level could signal another bullish wave, but we need confirmation. Specifically, look for an Internal Change of Character (I-CHoCH) to solidify a return to a bullish market structure.
💎However, if the market experiences panic selling, patience will be key. Wait for a potential double-bottom pattern to form at the second support zone. Remember, an I-CHoCH here is also essential for confirmation.
💎But if the price breaks down below the last support zone and closes a candle beneath it, this would invalidate our entire strategy. In that case, it’s wiser to stand aside and wait for a more favorable price action to develop.
🎖Remember, Paradisers, disciplined trading and waiting for confirmation are essential to long-term success. Stay sharp and focused!
MyCryptoParadise
iFeel the success🌴
💎We’ve identified a crucial support level at the 61.80% Fibonacci retracement. A bounce from this level could signal another bullish wave, but we need confirmation. Specifically, look for an Internal Change of Character (I-CHoCH) to solidify a return to a bullish market structure.
💎However, if the market experiences panic selling, patience will be key. Wait for a potential double-bottom pattern to form at the second support zone. Remember, an I-CHoCH here is also essential for confirmation.
💎But if the price breaks down below the last support zone and closes a candle beneath it, this would invalidate our entire strategy. In that case, it’s wiser to stand aside and wait for a more favorable price action to develop.
🎖Remember, Paradisers, disciplined trading and waiting for confirmation are essential to long-term success. Stay sharp and focused!
MyCryptoParadise
iFeel the success🌴
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