Matic should bounce from here because down from here is breakdown which i think will not happen yet because BTc still have room for upside.
Entered Long
Entry 0.7950
Stoploss 0.7850
TP 0.9
Note: Not a Financial Advice.
Entered Long
Entry 0.7950
Stoploss 0.7850
TP 0.9
Note: Not a Financial Advice.
Trade active:
Closed out on the first one but i clearly see a pump from here.
So longing again in below here 0.7730
Holding below recent low is invalidation.
Targeting 0.9 1 and 1.2.
So longing again in below here 0.7730
Holding below recent low is invalidation.
Targeting 0.9 1 and 1.2.
Comment:
Technicals and chart suggest that Matic is Bottomed for this bear cycle.
HTF and cycle analysis is giving me a Top of 10-12$ for this coin.
Note: I am not holding the trade for that long i trade level to level.
That's just my thoughts and idea about this.
I am long from lows with avg entry around 0.7770.
Even if market go Bearish i expect this to move up so the trade is still valid untill and unless clean break below recent lows happen.
HTF and cycle analysis is giving me a Top of 10-12$ for this coin.
Note: I am not holding the trade for that long i trade level to level.
That's just my thoughts and idea about this.
I am long from lows with avg entry around 0.7770.
Even if market go Bearish i expect this to move up so the trade is still valid untill and unless clean break below recent lows happen.
Comment:
Taking some off here at 0.91.
Trade closed manually:
Expecting a strong retrace.
RR is around 25 from here..
Cutting it if doesn't hold and continue for more drop.