MATIC/USDT
Matic is displaying a bearish setup on the daily timeframe.
Price has crossed below the 50 EMA, with expanding bear momentum. In addition, the true strength index (TSI) confirmed a bearish crossunder yesterday. The QQE Mod indicator, is confirming the bearish momentum by printing its first red bar in over a month.
If taking this short, one could target the previous swing low at $0.6472 for an initial take profit, with a stop above the wick high of last Thursday above $0.80 cents. Trade is invalidated with a daily close above the 55 ema coming in at $0.75$
