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Maticshort

MATIC looks tired MATIC looks tired. - Distinct Wave 5 could be ending - Overbought Stoch RSI 8h - Broken down from long-term ascending parallel channel Decreased Network Activity: Despite an increase in active addresses, MATIC's price has declined, indicating that heightened network activity isn't translating into price support. Increased Selling Pressure: A rise in open interest indicates that traders are increasing exposure to MATIC, but if this is driven by short positions, it could lead to increased selling pressure and a subsequent price decline. A good strategy is repetitive, and even boring. Keep it simple and efficient.
COINBASE:MATICUSDShort
by JC7USA
2
MATIC - TIME FOR EXHAUST?The asset broke out of the symmetrical triangle pattern. Sticking with established patterns, the initial liquidation target is forecast at 1.5642. The identified strong support zone is between 1.1 and 0.96. In the immediate area, the nearest resistance zone extends from 1.35 to 1.5. A potential struggle is expected in this range, which is likely to lead to subsequent liquidation (x), followed by a local correction. The prospects seem promising; let's remain optimistic.
MLong
by truepersonal
MATIC → Polygon Showing Reversal Signals? A Short Scalp is Near!MATIC (Polygon) is holding above the Daily 200EMA support and has yet to break it after making contact 5 times since breaking it. So why is a short scalp reasonable? How do we trade this? 🤔 We have a few good reasons to be looking for a counter-trend trade; There have been several sell-offs in the $0.95-$1.10 range, a very strong sell-off at $1.10, the 200EMA support has been tested 5 times which adds to the probability it will be broken, and the RSI is at 50.00 and below the moving average. These data points tell us it's time to start looking for counter-trend setups, but we cannot enter a trade until we see confirmation to enter. What we need is a final test of the $0.98 area to get a good entry around $0.93-$0.95. From there, we can short half of our position to the 200EMA ($0.79), take profits, move our stop loss up to our entry price, and then swing the rest of the position down to the Support Zone at $0.665. Taking profits at the 200EMA is about a 1:1 Risk/Reward if our stop is placed just above the previous high at $1.11. That is a reasonable scalp, and the rest, being a bit lower probability of success, allows us to swing the second half of our position without the worry of losing money. We could repeat this approach until either the 200EMA Support breaks or the $1.10 high breaks and stops us out, which lets us know the upward momentum isn't done yet. 💡 Trade Idea 💡 Short Entry: $0.95 🟥 Stop Loss: $1.11 ✅ Take Profit #1: $0.79 ✅ Take Profit #2: $0.67 ⚖️ Risk/Reward Ratio: 1:1.75 🔑 Key Takeaways 🔑 1. Several Sell Signals at Key Resistance area of $0.95 to $1.10 2. Strong Sell Signal After Hitting $1.10 3. Wait for One More Failed Attempt to break $0.95 4. Short a Sell Signal off of $0.95-$1.00 Price Area, Stop Loss above Previous High of 5. RSI at 50.00 and below Moving Average. 💰 Trading Tip 💰 It's reasonable to take half profits at the first support target in a short trade, or the first resistance target in a long trade. You can then move your stop loss up to your entry price and watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading price action 2. Chart analysis 3. Trade management 4. Trade psychology
MShort
by TraderEngineering
MATIC → Ascending Triangle Breakout? Or Rejection to $0.60?MATIC (Polygon) is at a pivotal moment on the chart; follow-through with the Ascending Triangle and breakout to the upside? Or get rejected a third time and fall back toward the $0.60 level? How do we trade this? 🤔 To justify a long, we need to break the Resistance Zone and test it for support. We're too close to Resistance to long now, the probability of profit is far too low and the stop loss would have to be placed too far away (bad Risk/Reward). After breaking the Resistance Zone, a protective stop should be placed just below it and a Take Profit at 1:2 Risk/Reward is reasonable. A short position could be available much sooner if the price is rejected a third time at the resistance zone and falls beneath the Daily 30EMA. What we need is a sell signal bar and confirmation closing on or near their lows, below the 30EMA, and the RSI below the Moving Average. Until either scenario presents itself, we should remain on the sidelines and watch the price action unfold. 💡 Trade Ideas 💡 Short Entry: $0.885 🟥 Stop Loss: $0.955 ✅ Take Profit: $0.755 ⚖️ Risk/Reward Ratio: 1:2 Long Entry: $1.017 🟥 Stop Loss: $0.937 ✅ Take Profit: $1.177 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Ascending Triangle, Bullish Pattern! 2. Strong Support on Daily 30EMA. 3. At Resistance Zone, Do Not Long Here! 4. RSI at 53.00 and Below Moving Average. Bias to Short. 5. Wait for break of resistance zone to Long. Short if Rejected. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
MATIC → Polygon Bull Run Near Complete! Reversal Time?Polygon had a beautiful double bottom at the Daily 200EMA and as predicted, ripping to the upside and near completing the trade of our last analysis. Where do we go from here? How do we trade this? 🤔 We likely have more upside to go before we consider a reversal. Wait until the price makes contact with the Resistance Zone at $0.95. Look for a bear signal candle and confirmation before entering a position, then target a 1:2 Risk/Reward back down to the 30EMA. Protective stop just above where the price reversed, likely at the $0.95 area. A bear signal candle usually has a long wick on top and closes on near its bottom. The confirmation candle usually consists of a strong bear candle closing on or near its low, "confirming" the reversal. Confirmation is a bit misleading, it just means we have a high enough probability based on historical data to justify a short position. 💡 Trade Idea 💡 Short Entry: $0.9240 🟥 Stop Loss: $0.9735 ✅ Take Profit: $0.8250 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Double Bottom at 200EMA, Bias to Long! 2. Wait for bull run to finish. Target Resistance Zone for Reversal. 3. Look for Bear Signal and Confirmation Candles. 4. RSI around 68.00 and above Moving Average, Short-term Bias to Long. 5. If Reversal bars and RSI over 70.00, Consider a Short Position. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
MShort
by TraderEngineering
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday. MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier. The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586. Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark. Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover. The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
MLong
by CryptoSanders9563
2
MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERSHello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) was another notable mover on Thursday as the coin also reversed course today. MATIC/USD touched a peak of 0.8895 at the start of the day, which comes less than 24 hours after trading as low as 0.8591. As a result of today's surge, MATIC is up 3%, moving away from the recent low of 0.8390 in the process Earlier gains have been pared down somewhat, which comes when the RSI hits the ceiling of 45.00 Hit the like button if you like it and share your charts in the comments section. Thank you
M
by CryptoSanders9563
MATIC buyer exhaustion could see prices fall to $0.77The bullish order block on the daily timeframe formed on 18 Jan has acted as strong support back in March The retest of this zone on 9 March saw prices bounce to $1.24 The subsequent retest in late April did not see a positive reaction- instead, MATIC continued to slide lower from $1.025 to $0.977 over the past two weeks Therefore a daily session close below the bullish order block ($0.925) and retest of the $0.96-$1 area could offer a shorting opportunity Entry: $0.996 Exit: $0.837 (a more ambitious target would be $0.77) Stop-loss: $1.07 (above recent wick)
MShort
by AMBCrypto_TA
Polygon [MATIC] will see more sell pressure below $0.9780Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan). A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe). The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position. Entry: $0.9780 (below bullish OB) Exit/target: $0.9515 (lower support) Stop-loss: $0.9865 (above the bullish OB) R:R - 3
MShort
by AMBCrypto_TA
#MATICUSD - A Small Decline to Lower Bounds of TriangleAfter a test and rejection off upper bounds of a descending trend line we've received a Sell signal from Crypto Tipster v2. There's a nice level at around a 20% drop from the current price which has previous shown as Support/Resistance. This coincides with an ascending trend line nicely which is our target! What Do You Think? If you enjoyed or agree with this idea - drop us a comment, like & follow! 😀 Ideas by theCrypster meet the guidance notes and disclaimer as mentioned below and within our website. See Signature for more info! ✌️ 🔥🔥🔥 Crypto Tipster v2 theCrypster 🔥🔥🔥
MShort
by theCrypster
11
Short MATIC vs USDTMatic is at a major Montly resistance level and it's forming a LH on lower time frames. We can see that the momentum is slowing down and this could break down soon(not rulling out some scam wicks up before it breaks). Scaling in shorts here with Stops above last high. If Stops get triggered, will wait for price to get back under $1.55 to pull the trigger again. Good luck. Follow, like the idea and feel free to leave a comment if you like it. Check out other ideas if you like this one.
MShort
by Trader_CD