Image Source: Pixabay
MATIC/USDT trading strategy
MATIC/USDT chart and technical analysis Polygon gained 36% since last month after it made a double bottom pattern around the 0.5016 support level. Currently, the price is attempting to make some retracement before jumping to new highs.The price could drop and retest the 0.6176 support level and 0.618 Fibonacci level this week, which I am considering for a buy entry as it is a strong support level and there is also a bullish order block around the same price.However, if the price does not retrace to the 0.6176 support level and breaks above the 0.6894 recent high then I will consider the 0.6492 price level for a long entry.Polygon fundamental analysisFundamentally, the Polygon will possibly continue its rally as OpenSea pro goes live on Polygon and Ethereum.Moreover, the overall crypto market is on the road to recovery as the market sentiments have shifted from “Fear” to “Greed”.Polygon to Tether trade idea takeaways
More By This Author:Sam Bankman-fried Found Guilty In FTX Fraud Trial, Faces Decades Prison-time The Rise And Fall Of Estee Lauder As Its Stock Price Melts Away Bitcoin Forms Bullish Pennant As Raydium, Celestia, EOS Prices Rise