MATIC - Redistribution in play?

Granted, the chart looks bare bone but let's get straight to the point. These huge long wicks to the upside signal massive selling in those areas. Perhaps MATIC needs to come down before it starts trending up again. Compare to May 10 and May 24 and the result was -60$ from it's closing price on the bi-weekly candle on May 24 / June 7. Let's not get TOO excited about a possible Christmas rally as we may have a similar result compared to the summer drop.

just my thoughts on this one. Not financial advice.