jlouvierobv

MATIC with the W πŸ˜ŽπŸ’°

Long
jlouvierobv Updated   
BINANCEUS:MATICUSD   MATIC Network
Many #Altcoins had local double tops after the recent run up which look like they could form W bottoms.

Scan your favorite coin and it likely created a local double top or ran into long term trend lines .

MATIC 4hr

Entry: 0.72-0.73

T1: 0.785
Top of the pattern which would become triple top if failure to break the neck line.

T2: 0.835

SL: 2-4% below entry based on risk

Set ups like this are great. If you get stopped out the trend is likely in full reverse so the R:R becomes even stronger & more appealing.🫑

Never trade with out a stop loss and plan.
Trade active:
Keep an eye on this downward trend line. If MATIC (or alt market) can not sustain the momentum this is the spot I would watch for buyer fatigue.

Stop loss moved up to break even.

Trade closed: target reached:
Target 1 and 2 achieved.


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