Updated
Matic daily consolidation begins
Hello traders,
I started entering short positions after a parabolic breakout. I will be trading based on fib level.
Entry: 263 Sats -> Exit: 287 Sats
Entry: 243 Sats -> Exit: 263 Sats
Entry: 224 Sats -> Long position
I started entering short positions after a parabolic breakout. I will be trading based on fib level.
Entry: 263 Sats -> Exit: 287 Sats
Entry: 243 Sats -> Exit: 263 Sats
Entry: 224 Sats -> Long position
Note
Matic is forming a tightening wedge and breakout is imminent. Bullish entry if it goes above 313 Sats. Bearish breakout target is still 263 sats.
Note
Temporary double top is formed. Bounced at 23.6% fib level (296 Sats) but this bounce attempt is too weak.
38.2% level (267 Sats) is still in play.
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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.