Matic Long

Matic should bounce from here because down from here is breakdown which i think will not happen yet because BTc still have room for upside.

Entered Long
Entry 0.7950
Stoploss 0.7850
TP 0.9

Note: Not a Financial Advice.

Kommentera:

Added heavily in 7880.
RR is around 25 from here..

Cutting it if doesn't hold and continue for more drop.

Handel aktiv:

Closed out on the first one but i clearly see a pump from here.

So longing again in below here 0.7730
Holding below recent low is invalidation.

Targeting 0.9 1 and 1.2.

Kommentera:

Technicals and chart suggest that Matic is Bottomed for this bear cycle.

HTF and cycle analysis is giving me a Top of 10-12$ for this coin.
Note: I am not holding the trade for that long i trade level to level.
That's just my thoughts and idea about this.

I am long from lows with avg entry around 0.7770.
Even if market go Bearish i expect this to move up so the trade is still valid untill and unless clean break below recent lows happen.

Kommentera:

Taking some off here at 0.91.

Trade stängt manuellt:

Expecting a strong retrace.