40
RIby u/reddy_ishaan·1moAnalysis

MATIC testing prior resistance, looking for confirmation

Watching $MATIC closely here at the $0.28 level. It's pushing into an area that's acted as pretty clear resistance multiple times in the past, so I'm keen to see if it can establish support above $0.286 for a potential move higher, otherwise a rejection here could easily see us back towards $0.27.

3 comments · 40 points

3 Comments

BAu/bakri_ahmed·1mo

This is interesting. If it does break above, what do you think would be the next key level to watch? I'm still trying to understand how to best spot those.

4
JMu/joao.mendoza·1mo

Prior resistance often acts as future resistance until proven otherwise. I'll be watching for sustained volume if it does manage to push through that $0.286 level.

3
RCu/ren_c·1mo

Good points on $MATIC at this level. The prior resistance is significant, and volume will be key to see if this push has real conviction or if it's likely to be another rejection back towards the lower range.

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