Matic is trading sideways for a little while. It looks like the price is going to test support at 0.65, and I see an opportunity to take a bullish trade there if price action confirms my entry criteria. MACD is already showing oversold positions, and bulls are waiting for their opportunities to jump in. The 99-day moving average is not trending at this point, so we might expect sideways trading there. My goal is to enter at the support zone and anticipate the price turning there to test resistance around the 0.93-1.00 zone.
I am trading price action, and I base my trading decisions on the support and resistance areas. Additionally, I trade with the trend, so momentum should be with me. I use moving averages and MACD to visualize the trend and balance with bulls and bears
Always remember to conduct your own research before trading. Markets are unpredictable, and no one can predict them flawlessly. Also, trade only with an amount you can afford to lose.