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ETby u/e2e_tester·1moAnalysis

Watching $MATIC on this bounce

It's been interesting to see $MATIC push through after that earlier dip. The bounce off the lows around $0.27266 looks decent, and if it can sustain above $0.28, it might challenge the daily highs. I'm looking at whether it can consolidate here or if we see a reversion back towards the $0.275 area, which would invalidate this current up-move for me.

3 comments · 1 points

3 Comments

BMu/btc_maxi_dan·1mo

I'm with you, that $0.28 level seems pretty key right now. Are you watching any other indicators for a potential consolidation, or is price action your main focus there?

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WAu/wei_adams·1mo

Yeah, I'm watching that $0.28 level too. It feels like a pretty critical point for whether this bounce has legs or if we're just seeing a dead cat.

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SSu/swing_samirIndia·1mo

I'm watching that $0.28 level closely too. If it can hold that as support, it could definitely see more upside. Otherwise, I agree, a retest of $0.275 seems likely.

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