Long

MATIC/BTC Buy & Hold Idea (May 1st, 2020)

Updated
This project has fine fundamentals with an outstanding team, not to mention very strong volume. Just looking at basic TA I like that it's been going somewhat sideways for quite some time even with BTC's insane moves and I also like that the upside potential is so high. If it goes down to the green areas I could DCA more into it, however, I find the current entry more than acceptable.
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Alts just got a huge shock from BTC. A better entry here actually. snapshot
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Going well so far. Nothing really changing. The average entry is 181. snapshot
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Off to a great start here. snapshot
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Bloody time for alts but MATIC is holding strong here. snapshot
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Things are still okay here. snapshot
Trade active
MATIC surviving this BTC rip. Looking good still. snapshot
Trade active
More support levels here. Adjusted my entry just a tiny bit. Nothing changed much. Still running strong. snapshot
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Against the dollar, MATIC has reclaimed this yearly channel but we'll see how things go after halving. snapshot
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Average entry around 177 now but the idea remains. Original stop and S/R still in place. snapshot
Trade active
Smashed 200. Testing 200 MA. snapshot
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Beautiful. snapshot
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A strong close over MA200. Let's see how this plays out. snapshot
Trade active
This is still active. It's looking to reclaim key support here. Holding the position for now. snapshot
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Re-entered the channel from 2019. Let's give this more time and see how it plays out. snapshot
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Daily close above previous resistance. snapshot
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Fell back below resistance. Trying to get back up there. snapshot
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Still going. snapshot
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A monster move upwards here. Lovely. snapshot
Trade closed: target reached
Post-mainnet drop as-expected. Otherwise a beautiful trade. snapshot
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