This week, Whitebit users voted to analyze the MATICUSDT trading pair
The last time we published the idea with analyze the MATICUSDT trading pair a month ago, at 11.05, just at the culmination of the May fall.
There were two scenarios in this idea: consolidation in the liquid zone $0.67-0.81 and a rebound, or fixing the price under the liquid zone and the continuation of a sharp fall.
The weakness of the buyers of MATIC is clearly seen in the graph
The whole trade in May took place under the blue liquidity zone $0,67-0,81 – it was a clear signal that sellers are selling at every attempt to raise prices – a fall is inevitable.
Well, in June the red script from our previous idea was executed.
The MATICUSD price fell to the middle of the global and critical liquidity level.
At the moment, looking at the schedule, we can say that buyers of MATIC are weak and there is no special enthusiasm for shopping in them at the moment.
If you believe in the Matic Polygon and want to buy it, then place purchase orders with a grid in the range of $0.29-0.39. You will never guess where the final “bottom” will be, and the average purchase price can be delicious. If the price is kept in this liquidity level, you can expect a rebound to $0.65-0.66
However, be careful, because if buyers fail to keep the Matic price above $0.28, it will be very painful for deposit, where the Matic will be stored, because the next liquid zone below is very, very far.