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P_S_trade
Nov 29, 2022 2:53 PM

Polygon MATIC price Medium and Long term tradeΒ 

Polygon / Tether USWhiteBIT

Description

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The MaticUSDT price was one of the first to break out of the falling trend channel back in July this year.
Now MaticUSD is trading above the liquidity zone of $0.67 - 0.77

You can try a medium-term trade:
Entry $0.831
Stop $0.7624 (-8%)
Take profit $1.1974 (+44%)
Profit/loss ratio 5/1

You can also consider this trade as a long-term investment and hold it until the take profit of $1.90 (+127%)
You can also keep a larger stop on the position, around $0.67
There are many options, it depends on what parameters your risk and money management allows.

But it is probably not worth getting the Polygon token - Matic when the price will be below $0.67. After all, there is an "emptiness" below the liquidity zone and the possibility of the MaticUSDT price collapsing to around $0.4
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Comments
FX_Professor
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πŸ™ŒNailed it. Thumbs up man
ATradeSniper
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good work
UnknownUnicorn15614419
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It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now.
Williamforex
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Really like it
SwallowPremium
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Your technical analysis is awesome! Thank you for sharing!!!
RLinda
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Great technical analysis, I think price will soon show who is right)) Thanks)
UnknownUnicorn31900754
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Matic looks bullish. Targets are $1.00, $1.22 and finally $1.91.

#Crypto #Predictions
ArmanShabanTrading
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Totally πŸ’―
Gold-Tech
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Keep up the good job
Lingrid
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Very detailed and nice work
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