-TOP author on TradingView -2000+ ideas published -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -before/after analysis -24/7 uptime so constant updates
🎁Please hit the like button and 🎁Leave a comment to support our team!
MATICUSD D1: DISTRIBUTION / 50% correction(SL/TP)(UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. NOT a setup to SHORT MATICUSD . Just showing signs of weakness and recommend to stay out of this market into the pullback.
🔸 Summary and potential trade setup ::: MATICUSD D1 chart review ::: not a great looking chart ::: hit top / resistance of the bullish channel ::: also noteworthy divergence ::: price/ RSI div very clear on D1/H8 TF ::: distribution price fractal ::: re-test of bullish TL (yellow) ::: expecting correction/pullback mode ::: pullback required to attract ::: new buyers from the lows ::: 30-40% pullback possible next ::: 4-8 weeks in Q4 2021 / Q1 2022 ::: right now limited upside ::: positions traders should wait for ::: better entry prices later after ::: correction MODE up next ::: be careful don't get caught up in this ::: also overextended right now ::: BULLS remain on sidelines and ::: be ready to BUY LOW later ::: recommended strategy: SHORT SELL RIPS/RALLIED ::: TP BEARS is +40% gains ::: BULLS stay out until correction is over ::: BULL seek to reload near 1.0 USD ::: 1.0 USD strong / horizontal S/R level ::: SWING TRADE: SHORT/HOLD IT ::: correction run not over yet ::: good luck traders! ::: BUY and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.