MATIC Analysis: MATIC is trading in the triangle and rejecte | Bitmex BlackBull Eng ®️

MATIC Analysis:

MATIC is trading in the triangle and rejected from the downtrend line. The triangle is now heading towards the deciding zone. No trading opportunity at current market price. Either wait for a breakout of $1.25 and only open long position if it hold this point or wait for the retest of $0.97-$1.03 support zone. Keep an eye on the triangle and if it breaks downward we will see long downtrend in MATIC and price may head towards $0.5-$0.6 area.