Long
MATIC (MATICBTC) - 1:3+ Trade @coinselor
After forming a symmetrical triangle for 2 months, Matic finally broke up with 3x the average volume as of writing this.
This is a trend-following type trade. We entry after setting a new ~40-day high. In the chart, you can see risk:reward and stop loss placement. SL is placed according to current market volatility and a critical S/R level.
This is a trend-following type trade. We entry after setting a new ~40-day high. In the chart, you can see risk:reward and stop loss placement. SL is placed according to current market volatility and a critical S/R level.
Note
Massive weekly candle that closes way above the consolidating triangle. Now acting as massive support underneath with a successful daily retest.
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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.