This is a one-day-time frame analysis for MATICUSDT
There we have R3, R2, and R1 on the top of the chart which are the resistance areas with the presentation of unsuccessful triumphs of the price to rise. And at the bottom of the current chart, S1 and S2 are long-term the support areas that include the well support of price at some points even since the past. The price behavior in the past was ascending after receiving support at S1 and at two points and each time the price could rise well toward higher amount. But its disability to rise more, made it in a falling trend and after experiencing three rejections at our resistance areas, it faced a decline to lower amounts. Presently, we see the fluctuation of price at S1 after having a falling trend to this point and our expectation would include involve to options. Either the price is supported well at the current point and start its rise upward to R1 and even to R2 via more fixation there. Another option contains a falling trend by which the price is not supported anymore and a decline is waiting for it toward lower amounts. So wait for the proper moment to put your orders and act wisely. You should consider the market situation in the lower time frames and make sure what will happen exactly. We highly recommend you to obtain every piece of information and idea through our updates for enjoying more profitable trades. Keep in mind to consider market conditions in lower time frames in order to make sure of a good point to put your trade order, we suggest you to wait for the time which the price is in its return upward.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.