Decision Time? *RISKY* SWING
Updated
Hello everyone.
MATIC has been a chicken with its head cut off. 400% in a week.
That alone tells you, we're most likely due for a deep correction.
**HOWEVER** chartwise, we could have another leg up. Its self ex-fucking-planatory on the chart.
What does everyone think? Right now, its primed to move up again. We're staying in the channel, and have had a nice correction in the channel.
We havent broken it yet, volume is still high.
PLEASE. This is so risky, and I have not yet made this trade. I am undecided. Comment your thoughts. And by all means, dont go buy this cause you saw the post. Lets discuss and trade safely!
Best,
MATIC has been a chicken with its head cut off. 400% in a week.
That alone tells you, we're most likely due for a deep correction.
**HOWEVER** chartwise, we could have another leg up. Its self ex-fucking-planatory on the chart.
What does everyone think? Right now, its primed to move up again. We're staying in the channel, and have had a nice correction in the channel.
We havent broken it yet, volume is still high.
PLEASE. This is so risky, and I have not yet made this trade. I am undecided. Comment your thoughts. And by all means, dont go buy this cause you saw the post. Lets discuss and trade safely!
Best,
Note
Again, I am not making this trade. Dont make this trade if your not on the watch of it or having a TIGHT stop loss. Only invest what youre willing to lose. I'd have a stoploss 5% below your initial buy, with a potential reward much higher (say 10-30%).
This is so risky it scares me. Please comment your thoughts.
It may be better for all of us to just not trade this, wait and see, and see what we can learn from this huge run.
Note
Breaking below my channel line! No movement upwards in next hour and this trade is OVER! Please be safe folks. Common traders like us have to try and be as ""smart"" as we can. There is so much big money in crypto, they are the winners, they always (mostly always) win. There's bots that can trade and break though levels faster than you can blink.
BTC is one of the few cryptos I could ever buy and put away for awhile (ie, not stress about what is doing). I could be wrong, but I trust longterm BTC.
Trade closed manually
Lets get away from this one.Note
The chart looked so nice for another leg though :( That's why I posted. Much better to be safe than sorry.
Note
Dear friends, I apolgozie. SWING trading is tough in crypto. Especially when you are not the big money...
I learned something from this proposed trade that I had thought before, but I did not trust. For such a lovely chart such as this (where it looks like it just HAS to go up once more....) -- people know this.
SO, they bring it down right at the crucial point, to make everyone scared, sell whatever they have cause the trades not working. Then big money loads up on those people who are selling-- they drive the price up-- and the silly novices get FOMO and buy higher.
I still think we were better off safe here, but I have learned this for future swings.
Follow me for swings! Check my ideas published (several are swing/day trades) and of those that are-- most come through. Best,
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.