$MATIC What's next for Matic?
My observations on the weekly time frame. I expect to see Matic at 2.8USDT
The red lines indicate the values where I will record the position (screen 1)
My entry point is 0.72
Current situation: Bitcoin dominance is now 52.6%. It is obvious that Matic is susceptible to big brother manipulation. Tomorrow important FOMC news will be released, I expect longs and shorts to be taken out. Also, if the news really has an impact as expected, I will place limit orders to buy Matic.
Limit takes for additional purchases of positions, in the second photo they are marked on the chart (I duplicate them in text)
1.0.738-0.748
2.0.7-0.7152
3. 0.61-0.62 - strong zone
4. 0.572-0.587
On futures I am now long from 0.734, 50% is fixed at 0.81, stop at the entry point - I expect a correction in Bitcoin and this asset.
Based on these takes, I will take a position on spot for 5% of the total deposit.
Futures have a take of 0.71 and 0.61 at 0.5% and 1% of the deposit.
And as traders often write, it’s not a financial recommendation😅
