MATICUSDT Technical Analysis : Key Levels and Trading Strategy

#MATIC✅ #matics #Tecnicalanalaysis #Write2Earn! #BinanceSquareFamily

The analysis of **MATIC/USDT** reveals a comprehensive view of price movements across different timeframes. Let’s break it down:

- Monthly View (Yellow Lines) : Since 2022, MATIC has been in a **downtrend**, forming lower highs and lower lows. The price recently broke a major support level, converting it into a **dynamic resistance** area. The key resistance level is **1.2300**, and support is at **0.3600**. The price is currently ranging between these levels.

- Weekly View (Orange Lines) : The bears have controlled the market since mid-2022. However, in the last quarter of 2024, MATIC has **stopped making lower lows** and is ranging. Last week, the price hit a **strong support** area respected for years.

- Daily View (Green Lines) : The price remains in a **downtrend** after breaking the daily dynamic support/resistance (S/R) level at **0.7400**. MATIC is now approaching the **monthly resistance zone**, showing potential buy setups as the price respects the **monthly support**.

- 4H View (Red Lines) : In the 4-hour timeframe, another dynamic S/R zone at **0.4350** is forming, and this will serve as a **target** for further downside.

- 1H View (Purple Lines) : The bulls are slowly entering, forming an **inverse head-and-shoulders** pattern, which suggests a potential buy opportunity. The key trigger will be a **break of the neckline**, along with increasing volume and a bullish EMA crossover.

Conclusion & Advice :

The current price action on **MATICUSDT** shows the market is near crucial levels, offering potential trade setups. The **inverse head-and-shoulders** pattern on the 1H chart signals a possible bullish reversal, but confirmation is essential. Look for a break of the neckline with increased buying volume for a safer entry.