MATIC/USD - Facing resistance at $2.5! Still bullish... 🚀

MATIC pumped... HARD. We had a clean breakout at the end of April and ever since we have been pumping. Today we did *only* a 40% pump.

Not bad eh? However, we're facing some resistance at $2.5. Unlikely to push us lower in the short term considering the high volume, but the indicators do look a bit over extended... however they do not yet show any signs of losing strength.

Once on lower timeframes like 4h we get a bearish divergence, it is good to be careful because the correction can be severe after such a massive pump. I do not recommend buying here, rather taking some profit or waiting for the ascending support line to be retested. That can provide a good entry if we remain bullish.

For now the chart looks bullish, but be on guard!

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