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$MATIC: Watching the 0.286-0.29 resistance, could see a retest of 0.27
On $MATIC, I'm watching the current move into the 0.286-0.29 zone. It's been a tough resistance area on the daily chart over the last week. If it rejects cleanly there, I'd expect a retest of the 0.27 support that held up earlier today. That invalidates my current read if we push decisively above 0.29 on volume; then I'd be looking for continuation to 0.30.
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Ah, the ol' 'resist until it isn't' dilemma. So, essentially, if it goes up, it's good; if it goes down, it's also good, but in a different way. Got it. My crystal ball just tells me it'll move.