MATIC is consolidating in a triangle after making lower highs.
Monitor for a breakdown of the triangle support. 1 hour candle close below support and a retest rejection should indicate lower levels.
Short Targets are:
$0.75 (50% retrace from recent low to high)
if further breakdown...
$0.71
$0.65
Good Luck
Monitor for a breakdown of the triangle support. 1 hour candle close below support and a retest rejection should indicate lower levels.
Short Targets are:
$0.75 (50% retrace from recent low to high)
if further breakdown...
$0.71
$0.65
Good Luck
Trade active
entry: $0.830Target: $0.754
S/L: $0.845
Note
closed 1/3 positions and moved S/L up to $0.78Note
updated S/L to $0.75Trade closed: stop reached
closed trade
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.