#MATICUSDT 2h After a major break down, matic has a daily ran | [TF] Crypto Trading

#MATICUSDT 2h

After a major break down, matic has a daily range of 0.75 / 0.825 for almost a month.

Now we are just trying to get to the upper border, but so far there is not enough strength. I think it's because of Bitcoin not being able to break through a structure at 17000.

Short-term, we see an uptrend that should go to a daily range upper border.

In case of successful consolidation above the range, I expect a move up to 0.875 / 0.890 , that is approximately 10% of pnl. There it'll find a first block order that will have to be filled, a logical rollback should follow. Stop Losses in this case will be collected in the 0.9 region.

There is information that the Matic awaits some good news at the end of February / mid-March. If the market is not bullish, the news may be delayed.

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