Yuriy_Bishko

MATIC, a bearish structure has formed on the chart!

BINANCE:MATICUSDT   MATIC Network / TetherUS
On the MATIC chart you can see a pattern - an upward wedge. According to the rules it is a bearish formation. Now we can distinguish a false breakout and high volume at the top. This is a bad signal. The price starts to squeeze near the lower boundary of the pattern. In the case of a breakout there may be a good opportunity to sell. Key levels where liquidity is located are marked below.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.

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