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$MATIC: Watching the 0.286 level for a potential short-term move
Been looking at $MATIC's price action today, and that 0.286 level, which was the daily high, seems to be a point of interest. If we can get a clean break and hold above that on some decent volume, I'd be looking for continuation, perhaps towards the next fib extension. The risk, for me, would be a rejection here and a retest of the 0.2726 daily low; a sustained move below that would invalidate the bullish lean I'm currently considering.
1 comments · 1 points
Interesting level you're watching! I'm still trying to get a handle on how to best use fib extensions for potential targets. Do you usually look for a specific volume indicator or just general increased volume to confirm a break?