Long
Maticusdt Buy opportunity
Updated
MATIC/USDT appears to be carving out a classic ADAM and EVE bottom, signaling a potential reversal. Price movement is advancing towards a prime buyback region, aiming to finalize the EVE component of the pattern.
We should consider the immediate Buy Zone as a favorable entry point. On the flip side, a significant demand area lies beneath, poised to serve as robust support in the event of a decline below our delineated buyback threshold.
The Neckline of this formation merits close attention due to expected heightened volatility upon breakout. A successful breach here could catalyze sharp price movements, with both intermediate and ultimate targets depicted on the accompanying chart.
Engagement and feedback are valued, hit like if you find this analysis useful. Stay tuned for updates as the pattern evolves.
We should consider the immediate Buy Zone as a favorable entry point. On the flip side, a significant demand area lies beneath, poised to serve as robust support in the event of a decline below our delineated buyback threshold.
The Neckline of this formation merits close attention due to expected heightened volatility upon breakout. A successful breach here could catalyze sharp price movements, with both intermediate and ultimate targets depicted on the accompanying chart.
Engagement and feedback are valued, hit like if you find this analysis useful. Stay tuned for updates as the pattern evolves.
Trade active
Trade active
Matic have potential of re-testing the local resistance before further drop towards he important demand area.Trade active
Trade active
We raised the buy back zone a bit up than what we have earlier, the setup target still remain same.Trade active
Very good reaction from our important demand area, this is a good buy opportunity
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