$MATIC H2 Downside Correction Idea.

• H2 NT has just recently turned bearish as price got rejected from a local resistance situated at $0.5608, reentering its VAH in a downward movement.

• Market trading below EMAs which are currently curving down as of the moment, respecting the selling pressure; DX likely in the upcoming candle closures if this continues.

• Price has broken its 25% key support trendline, and seems to be on the verge of a 24% Fib level touch soon.

• Bounce at the POC after entering 38% Fib level is predicted to happen.

• TFO still just within lower neutral line teasing a potential oversold entry.

Key break points:

• $0.5251

• $0.5189

• $0.5112

• $0.5019