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Kriptos
May 12, 2023 11:16 AM

MATIC #Intraday long Long

MATIC Network / TetherUSBinance

Description

Counterreward - risk, local bounce up. Trade from momentum and volume, stop short for 0.825 or under the low.
Targets by levels.

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Good luck and profit to all.

Trade active

#MATIC made a false-break and wiped the stops (including mine), it happens, but after such a formation you need to reopen the position, which I did. At the moment the price reached the first target, and I think there is a chance the movement will continue. In any case, it makes sense to partially reduce the position and fix some profits.

Trade closed: target reached

#MATIC price reached the second target, about 6.5% from the overrun point. I got out of the deal completely. Perhaps the price will go further but I will look for other trades.
Comments
Willemtanghe
dollar is rising hard.. so why would altcoins pump now?

im learning so serious question. thank you
Kriptos
@Willemtanghe, This is an intraday trade, with a short stop loss, where the trigger for entry is not macro data, but volume-cluster analysis.
significantDir64505
What do you mean by ''stop short for 0.825 '' ?
Thank you in adnvance
Kriptos
@significantDir64505, This is the price under which you can set a stop loss, or a local minimum.
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