Serban’s Crypto Picks: Update BUY $MATIC – Booking half
Trade worked very well and reached our target price of USD 0.96 – we are booking half and keeping the other half longer term.
Serban’s Crypto Picks: BUY $MATIC as money flows from ETH to Alts
Thursday • 06 May 2021 • 11:13
Polygon ($MATIC) – We’re trying to stay ahead of the herd here and are looking to buy some $MATIC. Polygon is a Layer 2 protocol that promises to solve Ethereum’s scalability issues, which makes it a huge potential project. It already rallied in April and has now been going through an accumulation period. We are looking to buy between $0.76 – $0.79 with a tight stop/loss at $0.742. We believe people will be taking their ETH profits and moving them into other top50 coins, with Matic being a good candidate as it is directly connected to the Ethereum ecosystem. We would be taking profits just before the psychological level of $1 (anywhere between $0.93 – $0.96). We’ll be keeping some $MATIC in our portfolio afterwards, as we expect this project to at least double in value over the next couple of months.