Hi friends! Matic made +100% of profit and was most actove altcoin after BTC DUMo and a lot of retail traders pat attention to this coin. I think thouthands of retailers become a fuel for this fall and it`s completelly not enough to force them to sell their MATIC.
We can expect the fall of MATIC to the closest value area $0.63-0.71. Here we can fing the best entry point. Especially if you use DOM and Footprint indicators, you can set short stop loss and get highest RR.
๐ Preconditions to open a long: ๐ฉ pullback to the $0.63-0.71 value area ๐ฉ volume growth which confirms the pressence of BUYER ๐ฉ DOM and Footprint show the whale` orders wall where you can set short stop loss ๐ฉ bullish BTC
๐ฅIf BTC will fall to $19 500 - 20 000 area and will also be supported by the whales, it will be reversal point for all cryptocurrencies. In this case, all alts will make a huge PUMP.
๐ The targets: 1. $0.87-0.95 - the closest value area 2. $1.01 - key level and reversal point where a lot of short traders sl are set.
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.