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Thoughts on MATIC's current push and resistance
Watching $MATIC today, the bounce off the 0.272-ish area was decent, pushing it back towards that 0.286 level we've seen act as resistance recently. I'm not entirely convinced this push has legs without a more significant volume spike, but the daily close will be key. A clear close above 0.286 could signal a retest of higher levels, maybe 0.30, but a rejection there, especially on lower timeframes, would put us right back into the previous range, likely looking at a retest of 0.27 again. The risk, for me, on any long-side bias here is a failure to hold 0.27, which would likely open up the path to 0.25 and below.
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