$MATIC For Beginners Guide Read it๐Ÿ’ธ๐Ÿ“ˆ

1. MATIC has had a really good uptrend, but not the best performance out of many large

caps as it has struggled breaking past key levels. The recent top was put in at the exact

level where the pre FTX collapse highs were on November 7, 2022.

2. MATICโ€™s flush from accepting under the yearly open led it to previous highs support at

$0.65. Very steep correction for this coin, and I am unsure of the performance in the mid

term or long term, as MATIC has not been an incredible performer.

3. The range weโ€™ve been building has been good, as it provides a clear path for either

direction. We did see a fakeout of the highs, but still sitting above monthly open.

4. Polygon has also started a major rebranding of MATIC to POL, and have been

announcing some other technological advancements for the project.

5. For a long position, look for a breakout of range highs at $0.75 as MATIC could begin to

climb back up from this drop. Good levels here are $0.783 and $0.835.

6. For a short position, look for a breakdown of $0.685, the monthly open stands at $0.6672

use this to confirm a close below to begin moving lower. This will lead to another move

down into the $0.63 and $0.593.

#MATICโœ… #matic #ETHETFsApproved

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