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Polygon Testing Multi-Month Support, Will it Hold?
Polygon's (MATIC) sharp decline has led the cryptocurrency to retest multi-month support at around the $0.50 level. While the support level can provide us with a bounce, there is a significant chance of a bearish breakdown due to the bearish flag formation that can lead to another sell-off.
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3 Effective Ways to Catch a Falling Knife in Crypto
Polygon's (MATIC) sharp decline has led the cryptocurrency to retest multi-month support at around the $0.50 level. While the support level can provide us with a bounce, there is a significant c…
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In technical terms, catching a falling knife refers to buying a cryptocurrency that is rapidly selling off. The steep decrease in the price makes this trading strategy very risky, but at the same time, if done correctly, it c…
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