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Technical analysis by bacurrie45 about Symbol POL: Sell recommendation (3/18/2025)

https://sahmeto.com/message/3358249
bacurrie45
bacurrie45
Rank: 1489
2.5
Sell،Technical،bacurrie45

Hello traders as we can see Matic has been rejected of the resistance multiple times indicating a struggle to push higher. I believe Matic will fall further and maybe even test that yearly low of $0.1908C if it breaks this then we could be looking at 0.10C or even lower for MATIC which is a great opportunity to accumulate. For now I am shorting Matic until I see a sign it has bottomedBeen shorting since 0.2467 as it has been rejected many times from here. Price has mean reverted and falling. Below every EMA. If it breaks that strong support (white line) which it has always bounced from then we could be looking at 20C nexttook profit at 0.2100C

Translated from: English
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Signal Type: Sell
Time Frame:
4 hours
Price at Publish Time:
$0.21082
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