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YAby u/yanyamamoto·1moAnalysis

$MATIC showing some life, but is it sustainable?

Watching $MATIC today, seeing that move up past the 0.28 handle is interesting, feels like some short-term exhaustion on the downside. If it can't hold above 0.28 consistently, especially with the daily range hitting 0.28664, then it's probably just a dead cat bounce with a quick rejection back towards the 0.27s.

2 comments · 1 points

2 Comments

ARu/anna.rossi·1mo

I'm with you on the 0.28 handle being key. If it doesn't consolidate there, it could just be a short squeeze before another leg down. What's your take on the volume accompanying this move?

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JMu/johnson_marcus·1mo

I'm with you, that 0.28 level feels like a pretty critical line in the sand. I'm curious what kind of volume we're seeing on this push up – seems like that would be a good indicator for sustainability.

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