📊Top gainer`s pullback: 1 more chance for long traders on MATIC

23 Ağu 2022

Hi friends! Matic made +100% of profit and was most actove altcoin after BTC DUMo and a lot of retail traders pat attention to this coin. I think thouthands of retailers become a fuel for this fall and it`s completelly not enough to force them to sell their MATIC.

We can expect the fall of MATIC to the closest value area $0.63-0.71. Here we can fing the best entry point. Especially if you use DOM and Footprint indicators, you can set short stop loss and get highest RR.

📊 Preconditions to open a long:
🚩 pullback to the $0.63-0.71 value area
🚩 volume growth which confirms the pressence of BUYER
🚩 DOM and Footprint show the whale` orders wall where you can set short stop loss
🚩 bullish BTC

🔥If BTC will fall to $19 500 - 20 000 area and will also be supported by the whales, it will be reversal point for all cryptocurrencies. In this case, all alts will make a huge PUMP.

📊 The targets:
1. $0.87-0.95 - the closest value area
2. $1.01 - key level and reversal point where a lot of short traders sl are set.

💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.

P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.