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MATIC/USDT Technical Analysis: Navigating Key Levels and Potent MATIC/USDT Technical Analysis: Navigating Key Levels and Potential Scenarios Current Status: MATIC is currently trading at $0.8532, reaching a recent high of $0.9831. The successful attainment of the $1 target, as previously predicted, signals profitable outcomes for those who followed our analysis. Symmetrical Triangle Pattern: The chart reveals the formation of a symmetrical triangle, with a robust resistance level identified at $1.00. This pattern implies a consolidation phase, and future price movements within this triangle are crucial in determining MATIC's trajectory. Future Potential: A breakthrough above the $1.00 resistance level could pave the way for a substantial uptrend, with potential targets ranging from $5 to $10 in the next bullish cycle. Traders are urged to closely monitor this pivotal level. Bullish Momentum: In a bullish market, MATIC exhibits strong upward momentum, creating favorable conditions for potential breakout opportunities. Stay vigilant for positive trends and capitalize on bullish movements. Potential Retracement Scenario: A rejection from the $0.90-$1.00 resistance zone may prompt a retracement, possibly testing the $0.48 support level. Such retracements offer buying opportunities for those seeking entry at more favorable prices. Critical Levels to Watch: Support Levels: $0.48, $0.30 Resistance Levels: $1.00, $1.50, $2.90 Follow us for more Quality content. Thank you
MLong
by CryptoPatel
Price Action Beyond Article.As someone who trades options and is part of the trading community, I've learned that being successful involves two main things related to price action. The first part, which makes up about 20% of it, is all about understanding patterns, market trends, and support and resistance levels. This is like recognizing the different shapes and structures that prices make on charts. The second part, which is the bigger 80%, is about real-life experience in the market, your mindset when trading, and how you manage your money and risk. It's not just about knowing the patterns; it's also about how you handle your emotions, make decisions in the heat of the moment, and protect your money. So, to be a successful option trader, it's not just about knowing the patterns and trends; it's also about how you handle yourself and your money in the live market. Both parts are essential for success. #Follow One strategy, You don't need to change your strategy often, back test and give time to your strategy. #Cut your losses #Cut your losses #Cut your losses #Cut your losses #Cut your losses Just Say Thanks If you like.
NSE:BANKNIFTY
by Anand_7
Bitcoin manipulation and scenarios of further price movement 🔥Monday started very stormy for the crypto market.🔥💥⚡️📉 And it showed that not only Elon Musk can manipulate the market. 😆 And while waiting for positive news, a random fake can create a storm in the desert. What happened today, when Mr. Bitcoin flew from 27.9k to 30k. The truth came out within 5 minutes, regarding BTC-ETF, and the price returned back, from where it started its flight "to heaven". 🗣What is my opinion: We have a lot of uncollected liquidity left at the bottom, which is needed, at a minimum, to break through 30K, as a maximum to go above 30+K. Liquidity is collected at the levels: 27.1K, 26.6K, 26K. That is where the price should come. Given that today the price has returned to the ascending D1 Channel, several scenarios are possible: 🔲1. The price will now move within the price channel, forming a Head and Shoulders, after which it will take away liquidity. 🔲2. The price will break through the ascending channel immediately and, having tested it, will take away liquidity. In any of the cases ‼️ ALWAYS ‼️ calculate your risks and operate your money management correctly. 🧰 The market is always unpredictable. 🔥 And very often, in addition to the news factor, other fundamental and statistical factors coincide, which greatly affect volatility. CRYPTOCAP:BTC #BinanceSquare #Binance #Bitcoin #BTC #etf
BITSTAMP:BTCUSDShort
by TrEKone