#ETH🔥🔥🔥🔥🔥🔥 #MATIC✅
⚡️ Polygon Surge Alert — Buy the Dip as the Bull Run Reignites!
Polygon (MATIC) is currently exhibiting a classic breakout and retest pattern, presenting a compelling entry opportunity for traders.
📈 Current Market Snapshot
Price: $0.2350
Intraday Range: $0.2194 – $0.2384
Trend: Bullish breakout from recent consolidation, now retesting previous resistance levels.
Technical Indicators: RSI and MACD showing bullish divergence, indicating potential upward momentum.
🔍 Entry Strategy
Primary Entry Zone: $0.23 – $0.24
This range aligns with the breakout point and previous resistance, which now acts as support. A successful retest here could confirm the continuation of the bullish trend.
Confirmation: Look for bullish candlestick patterns (e.g., engulfing or hammer) on the 4-hour or daily chart to validate the entry.
🎯 Profit Targets
Target 1: $0.30
A psychological resistance level and a previous swing high.
Target 2: $0.35
Fibonacci extension level and a significant resistance zone.
Target 3: $0.40+
Long-term target if bullish momentum sustains.
🚫 Risk Management
Stop-Loss: Below $0.22
Protects against a deeper pullback invalidating the breakout.
Risk/Reward Ratio: Approximately 2:1, offering a favorable setup for traders.
📌 Trade Summary
Entry ZoneStop-LossTarget 1Target 2Target 3$0.23–$0.24$0.22$0.30$0.35$0.40+