MATIC - Purple War Zone!

Dec 13, 2021

MATIC is overall bullish trading inside our blue channel and now approaching the lower blue trendline acting as non-horizontal support, we will be looking for Trend-Following Buy setups.

Moreover, the area 1.6-1.7 is a "Resistance turned into Support".

So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.

As per my trading style:
I will be waiting for MATIC to approach the highlighted purple circle area to look for buy setups (like a double bottom, trendline break, and so on...)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich