Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
QUICK UPDATE ON MATIC,
As we can see price is still overall bullish, from a long-term perspective.
Meanwhile, as we mentioned in the last text analysis, since we were around a support zone we were waiting for the bulls to kick in which didn't happen.
So, for now price broke below our support and now trading lower, as the price will be approaching the lower rising trendline and demand zone
We will be looking for new longs as we did before, we will be waiting for any bullish reversal pattern to be formed then a break
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!