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Polygon (MATIC) - June 9

BINANCE:MATICUSD   MATIC Network
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(MATICUSD 1W Chart)
We need to see if we can move above the 1.98774393 point by moving up along the uptrend line.

If it goes down, we should see support from the 0.74329777-1.07283403 zone and see if it can move higher.
This section is an important section for continuing the uptrend, and if it is supported, I think it is a good section to buy.

A move along the uptrend line (1) is expected to create a big wave in the long run.

(1D chart)
We should see support at the 1.47375163 point and see if we can move along the uptrend line.

If it goes down, we will have to wait and see if we can converse on the 1.22720775-1.63364447 section.

If it falls from the 0.82077103 point, a Stop Loss is required to preserve profit and loss.
However, it may follow an uptrend line, so you need to trade cautiously.

To continue the uptrend, it should move towards the 1.63364447-1.83686282 zone for support.

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(MATICBTC 1W chart)
It seems important to get support in section A.
A sharp rise may weaken the support base, so trade cautiously.

If the price maintains above the 1422 Satoshi point, the uptrend is expected to continue.

(1D chart)
We will have to wait and see if we can walk sideways in the 4293 Satoshi-5704 Satoshi section.

If it goes down, we should see if there is support in the 3823 Satoshi-4293 Satoshi section.

If it falls from the 3823 Satoshi point, a short-term Stop Loss is required.

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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.

The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.

Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.

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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** See support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.

Explanation of abbreviations displayed in the chart
R: A point or section of resistance that requires a response to preserve profits.
S-L: Stop Loss point or section
S: A point or section where you can buy to make a profit as a support point or section.

(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)

GAP refers to the difference in prices that occurred when the stock market, CME, and BAKKT exchanges were closed because they are not traded 24 hours a day.
G1 : Closing price when closed
G2: Opening price
(Example) Gap (G1-G2)

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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