How is it going, everyone. Today we will take a look a MATIC and try analyze what we should expect. 🤓
First of all, we can saw a strong downtrend with some sorts of liquidity and supply zone. But everything started to change in the middle of November. As you may have already noticed, the price had some sorts of consolidation near the zone of demand. Next, while price started moving forward, a quick though came to my mind. "Gosh, it looks like an... yeah, accumulation". I saw a SPRING and started looking for potential entry. unfortunately, I have missed the optimal entry and price went up without me. But, i knew, that it was just a move to take liquidity and eventually we would come back. Well, next what i saw is an obvious BOS, taking liquidity and also break supply zone. Moreover, we had a huge momentum up. And then,... we wait. Wait for a retracement to our demand zone of spring candle. And... yep, it happened. We created tons of liquidity to take out and get into new positions. Here, is where i took actions and got into position. I put TP for next level of liquidity and zone of supply.
Now i am waiting for a little retracement for a reentry.😁
Thank you for your time and support. Write me, if you have some troubles with understanding or anything else. I always read your commentaries :)
And Always Remember : Trade wisely and put Stop Loses.
/var/folders/40/_z8chfbn44z4ydxx3bl0ggnm0000gp/T/ru.keepcoder.Telegram/IMAGE 2021-11-29 21:35:36.jpg
First of all, we can saw a strong downtrend with some sorts of liquidity and supply zone. But everything started to change in the middle of November. As you may have already noticed, the price had some sorts of consolidation near the zone of demand. Next, while price started moving forward, a quick though came to my mind. "Gosh, it looks like an... yeah, accumulation". I saw a SPRING and started looking for potential entry. unfortunately, I have missed the optimal entry and price went up without me. But, i knew, that it was just a move to take liquidity and eventually we would come back. Well, next what i saw is an obvious BOS, taking liquidity and also break supply zone. Moreover, we had a huge momentum up. And then,... we wait. Wait for a retracement to our demand zone of spring candle. And... yep, it happened. We created tons of liquidity to take out and get into new positions. Here, is where i took actions and got into position. I put TP for next level of liquidity and zone of supply.
Now i am waiting for a little retracement for a reentry.😁
Thank you for your time and support. Write me, if you have some troubles with understanding or anything else. I always read your commentaries :)
And Always Remember : Trade wisely and put Stop Loses.
/var/folders/40/_z8chfbn44z4ydxx3bl0ggnm0000gp/T/ru.keepcoder.Telegram/IMAGE 2021-11-29 21:35:36.jpg