Matic / btc has formed an interesting formation on a global scale, something like a symmetrical triangle, and inside it the price goes in an upward channel, in increments of 77%!
Now the price is at the breakdown zone of the downtrend line and the breakthrough of this formation.
Entrance on a breakthrough or rollback after a breakthrough, depending on who has what trading style. The pivot points of the price, on which this or that movement will depend, I showed on the chart.
1 target from the breakout zone on the ascending channel and to the first resistance + 35% 2 target from the breakout zone + 100%
You need to understand that this is a cheap satoshny pamp coin, all goals are conditional here. A coin can go up to 1000%. Work from the situation, but do not be greedy, it is better to take a little profit, but for sure, than much ever or never.
Also on the chart, I showed a critical point (zone); if the price breaks the lower border of the ascending channel and fixes under it, then you should forget about the growth of the coin. A false breakthrough is not considered.
Trade closed: target reached
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+ 31% from the entry point. There is a downtrend breakout. Price moves in the upward channel that I drew.
Trade active
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Comment
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MATIC + 42% for several days. The first target to the width of the rising channel worked. The following situation, if the price fixes above the channel resistance line, this will provide an opportunity for working out new goals. If the price cannot overcome the resistance of the channel and turns down, then the target of the short zone is near the support of the channel (line of the ascending lower trend channel).
Comment
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+70%
Trade closed: target reached
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+87%
Trade active
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Trade closed: target reached
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+ 100% second target taken.
Trade active
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Trade closed: target reached
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3 target achieved + 150%
Trade closed: target reached
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Almost reached 4 target. + 350% from the first entry point + 220% of the breakout point
The graphs at the peak show what kind of problem there is with liquidity, how a small position can trigger a partial drain by a large percentage. Then there is already a high-risk trade, the principles of work I described in the educational trading idea.
Trade closed: target reached
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Reset of 70% of the total position was reset almost at the maximum price, under 4 targets. Reset 30% of the total Stop Loss position under the support of the level of the last 3 goals. A terrible dump for those who believe that you can earn money without working.
This is an example of how to trade safely on dangerous pumps and sell the position of coins at almost maximums and receive minimal losses, unlike the main market participants. At the same time, one should not even be interested in the fundamental legend of the project and FUD news. This will be left to smart people who believe in the air.
I showed the whole scheme of work, goals and movements in the trading idea and teaching in advance. With such a trade, which I described in the training idea on the example of this coin, you are not even afraid of such terrible dumps during the pump. You always get maximum profit and minimum loss.
All that I did I showed in updates to the trading and educational idea. I accompanied the entire price movement from the beginning to the end.
What happened there? Probably before the new year, Santa Claus gave gifts to those who believed.) Faith is a terrible power; faith kills. ________________________________________________________________
All 4 planned goals are taken. 70% of the total position was dropped almost at the maximum price, under 4 targets. 30% of the total position was reset by Stop Loss, supporting the level of the last 3 goals.
What will happen next with this coin, you should not be interested, you took a profit and left ...
Comment
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MATIC / BTC Potential movement after the pump. Pivot points
Trade closed: target reached
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Work in the ascending channel after discharge after pumping coins Profit in the channel is + 61% + 31% + 53%