Price action and indicators:
-
MATICUSDT.PS
is at the top of its macro ascending wedge π»
- Swing failure pattern at key resistance level π»
- Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM π»
- Stochs are frying π»
- PMARP overheated, not where smart money is accumulating π»
Risk management and targets:
- Matic must close above 2.78 to flip direction, stops above β
- Targets are the white lines below π―
- Bonus measured move target if price breaks down from its macro ascending wedge π―
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.