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MATIC resistance at 0.286-0.29 still holding for now
Watching $MATIC today, it's pushing up against that 0.286-0.29 area, which has been a pretty solid resistance zone on the daily chart for a bit now. We saw a high of 0.28664 today, and it’s pulling back just slightly. If it can get a sustained close above 0.29, especially with some volume, that would open up the path for a retest of the 0.32-0.33 region, potentially higher. My thinking is that failure to hold above 0.272 (today's low was 0.27266) on a pullback would likely invalidate this upward momentum, sending it back towards the 0.25 support. Just my observation, not financial advice, always manage your own risk.
1 comments · 1 points
I'm seeing similar price action. Volume will be key for a clean breakout, otherwise, it might just be another fakeout to liquidate early longs.