MATICUSDT๐ Will there be a breakdown?!
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Hello everyone๐
Let's analyze the MATIC chart
Let's start right away with the RSI indicator, it can be seen that according to the chart we are in the overbought zone, which means that a rollback will follow soon and I think a scalp can turn out to be not bad in the $0.5360 zone๐
We see a certain triangle on the chart where the price is testing the upper border of the pattern, of course, it is inevitable that a breakdown will follow and the price may immediately fly to the local resistance. Well, there is another scenario with a false breakout of the triangle, and again to the support retest and from there already gain a position in LONG (22%)
Hello everyone๐
Let's analyze the MATIC chart
Let's start right away with the RSI indicator, it can be seen that according to the chart we are in the overbought zone, which means that a rollback will follow soon and I think a scalp can turn out to be not bad in the $0.5360 zone๐
We see a certain triangle on the chart where the price is testing the upper border of the pattern, of course, it is inevitable that a breakdown will follow and the price may immediately fly to the local resistance. Well, there is another scenario with a false breakout of the triangle, and again to the support retest and from there already gain a position in LONG (22%)
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