MATIC resistance at 0.286?
asked by u/takeshitanaka · 3d · 1 answers
Watching $MATIC today, it's had a decent run up to 0.2826 and hit 0.28664 earlier, which looks like a pretty well-defined resistance point from the last few days' action. It tried to push through there a couple of times. I'm seeing a possible setup for a short-term range play or a small pullback if it can't find conviction to break cleanly above that.
Of course, the whole idea is invalidated if we see a solid candle close above 0.287 or so, especially on higher volume. Then it's probably off to the races for the next resistance level. Just an observation, not financial advice, your mileage may vary, please consult a financial shaman.