Matic Analysis:
Matic is one of the altcoin that held its current key level amidst BTC crash in the past weeks. The price also made a successful higher low from its low last Nov. 21.
Currently, the price made a successful breakout from its major local resistance and took the Point of interest at 0.9270-0.9555. In this area, the price got rejected twice
Currently, there’s an ongoing pullback happening.
Two possible retrecement areas:
First Pullback zone: 0.8882
2nd Pullback zone: 0.82-0.83 (point of interest+ 0.618 Fib level)
If the uptrend continues, and create another higher high, we can expect 1.063-0.9989 to be taken for liquidity.
You can build positions as long as confirmations and conditions are valid.
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