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stewdamus
Nov 28, 2023 2:27 PM

Going Long Matic here to 90 Cents Plus Long

Polygon / United States DollarCoinbase

Description

This looks to be good support here for Matic. I have waited patiently for entry and .74 cents looks to be as good as any with all SMAs (50,100,200 day) on the underside for support along with a significant level. Also, RSI has reached support in conjuction with the pullback here. I will be taking profits along the way and expect to be out 75% by the time we reach .95 cents, dragging my stops up along the way to ensure the trade is all profit. I expect to let the remaining 25% ride after hitting .95 cents in hopes that it may jump up and above that ascending TL which would be uber bullish for this coin.

Entry - .7424
Target - about .95
SL - currently .60 (my stops are very loose)
RRR - 1.5 (better with tighter SLs of course)

This is not fin advice. I show you the way I trade for your education and entertainment only.

Stewdamus
Comments
emadill915
Seems to be a good strategy
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