Polygon Matic Daily Update | Polygon Matic Price Prediction 2021 | Matic daily trade #shorts

5 Jul 2021 · 1 min

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In this short market commentary, the speaker provides a technical analysis of Polygon’s MATIC token. He points out that a recent sharp downward move was preceded by a bullish candle, which he labels an order block. The price subsequently retraced to fill this block and briefly moved above it, squeezing short positions. He notes that MATIC is currently showing bearish momentum but that the higher‑high/higher‑low structure remains intact until the price breaks the $1.09 level, which serves as a higher‑low reference. The analyst advises traders to watch for a higher‑low or equal low at $1.09; if the price fails to hold, a potential buy entry is suggested around $1.07, aligned with a bullish order block formed after a bearish candle. The video ends with a standard call‑to‑action for subscriptions and likes.

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MATIC daily update. So if you take a look here, will you agree that this massive move downwards was preceded by this last bullish candle right here? This is what you call an order block. And if you take a look right here, the price came up exactly to fill this order block. And in fact, we even went a little bit higher than this line to squeeze the shorts. So at the moment, I would say that MATIC is starting to look bearish. However, until MATIC breaks this line right here at 1.09, this higher low, higher high structure is going to still be intact. So for now, you're going to want to look for this higher high, higher low structure to maintain itself. So for Now you're gonna wanna look for MATIC to form a higher low or an equal low at $1.09. Otherwise, you're gonna wanna place a buy order at $1.07 because over here you have a bullish order block because this large move here was preceded by this last bearish candle. For more videos like this, make sure you subscribe, but otherwise I'll settle for a like.