Matic Short with Targerts, Plus Bonus Target!

Price action and indicators:
  • BINGX:MATICUSDT is at the top of its macro ascending wedge 🐻
  • Swing failure pattern at key resistance level 🐻
  • Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM 🐻
  • Stochs are frying 🐻
  • PMARP overheated, not where smart money is accumulating 🐻

    Risk management and targets:
  • Matic must close above 2.78 to flip direction, stops above ❌
  • Targets are the white lines below 🎯
  • Bonus measured move target if price breaks down from its macro ascending wedge 🎯
Comment: Accidentally tagged it as long, but obviously meant short, as I clearly marked my three short targets.
Comment: All of my targets were hit.


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