Expecting MATIC to break down

We honestly love MATIC and ETH ecosystem. Sold our bag recently at $0.8 wanted to come back in and didn’t expect the strong bounce at the .786 fib level. Was expecting an immediate retrace to 0.618.

Been watching this chart and noticing an ascending wedge , expecting things to break down to around 0.618 test for support.

Please don’t hate us for the bearish view, we love MATIC and we want to come back in, was bullish till the ascending wedge formed.

Our goal is not be superior or righteous, we just want to observe the market, and regularly react with a rational point of view. Btw, we are long Matic, if you are in it for HODL, we are expecting a price target of $4 to $6 by the end of bull cycle.