TechNerdOmar

Matic Trade Update. Time to Raise your Stop Loss.

Long
BINANCE:MATICBTC   MATIC Network / Bitcoin
Matic has shown strong momentum gaining another 8% today breaking down her the resistance trend line we pointed out in yesterday’s video. Now the price has gone up a distance equal to the distance between the entry price and the stop loss price. The rule is, but when this happens, you raise your stop loss to the entry price. Now if the trade reverses and starts going against you, then at least you break even. Your new stop loss will exit you with no gain and no loss.

So, raise your stop loss to about $2.7 or where you entered. Cheers.
Comment: OK. Stop loss was hit. We are now in a no-trade zone. We wait for a reversal signal so that we can make a new entry and set a stop loss below the swing low. Keep on watching.

Comment: Still in no-trade zone.


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