MATIC - Weak Consolidation (As you asked)
MATIC is consolidating after going through some corrections, but it still looks weak.
I would not open long positions on this coin for now. I'll wait after it crosses the resistance and after the closure of the first 4H candle above that area; only then it would be safe.
I've set the support areas for you guys if you're into opening short positions.
If I want to sum it up: Don't open Short or Long because this coin hasn't decided which way to go for now. I'd call it Neutral!
Current Market Price: $1.4150
Good Luck
Tell me your ideas. Like and Share
I would not open long positions on this coin for now. I'll wait after it crosses the resistance and after the closure of the first 4H candle above that area; only then it would be safe.
I've set the support areas for you guys if you're into opening short positions.
If I want to sum it up: Don't open Short or Long because this coin hasn't decided which way to go for now. I'd call it Neutral!
Current Market Price: $1.4150
Good Luck
Tell me your ideas. Like and Share
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.