Wolfy_

MATICBTC - ascending wedge could start the correction

Short
BINANCE:MATICBTC   MATIC Network / Bitcoin
MATICBTC shows signs of bearish divergence on many timeframes and it's currently forming an ascending wedge very close to the previous ATH .
It has run 240% without a proper correction which makes it likely that we'll see it correct from here on due to the aforementioned setup.
In case the market decides that it's still a good time to buy into this massive pump consider a stop loss above 600.

Let me know what you think, any criticism is appreciated.
Comment: Good place to take some profit, will likely bounce off this trendline and head back to about 500 sats.
Trade closed: target reached: I'd say target more than reached, it's been fun guys: