Short
Short MATIC vs USDT
Matic is at a major Montly resistance level and it's forming a LH on lower time frames.
We can see that the momentum is slowing down and this could break down soon(not rulling out some scam wicks up before it breaks).
Scaling in shorts here with Stops above last high. If Stops get triggered, will wait for price to get back under $1.55 to pull the trigger again.
Good luck.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
We can see that the momentum is slowing down and this could break down soon(not rulling out some scam wicks up before it breaks).
Scaling in shorts here with Stops above last high. If Stops get triggered, will wait for price to get back under $1.55 to pull the trigger again.
Good luck.
Follow, like the idea and feel free to leave a comment if you like it.
Check out other ideas if you like this one.
Note
Moving SL to break-even, took some profits.Note
Took some profits. Will watch to coumpound on a bearish retest around $1.30.Trade closed: target reached
Trade done. $1 reached. 11.7R booked. Thanks for playing.
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.
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.