Long
$MATIC/USDT 4h (Binance Futures) Falling wedge on support
Polygon is forming a bullish pattern which could lead to continuation, let's enter here.
Current Price= 1.3336
Buy Entry = 1.3346 - 1.2846
Take Profit= 1.4417 | 1.6058 | 1.8287
Stop Loss= 1.1991
Risk/Reward= 1:1.2 | 1:2.68 | 1:4.7
Expected Profit= +20.18% | +45.24% | +79.28%
Possible Loss= -16.88%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 1.3336
Buy Entry = 1.3346 - 1.2846
Take Profit= 1.4417 | 1.6058 | 1.8287
Stop Loss= 1.1991
Risk/Reward= 1:1.2 | 1:2.68 | 1:4.7
Expected Profit= +20.18% | +45.24% | +79.28%
Possible Loss= -16.88%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +20.18% (2x) and +1.2RPolygon bounced on support and broke-out of the wedge hitting 50MA, as forecasted! 💪🏼
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.