MATIC is overall bullish and now approaching the lower brown trendline so we will be looking for buy setups on lower timeframes
on Daily: MATIC formed a valid wedge pattern in red, but it is not ready to go yet.
Before we buy, we want the bulls to take over.
Trigger => Waiting for a momentum candle close above the last high in gray to buy.
Meanwhile, until the buy is activated, MATIC can still trade lower to form a new low before trading higher. (projection in purple)
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
