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MATIC - Trend-Following Setup 🏹

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

MATIC has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound.

Moreover, the zone 0.95 - 1.0 is a strong weekly support zone .

🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower red trendline. (acting as a non-horizontal support)

As per my trading style:
As MATIC approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

TheSignalyst

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TheSignalyst

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