Matic daily consolidation begins
Updated
Hello traders,
I started entering short positions after a parabolic breakout. I will be trading based on fib level.
Entry: 263 Sats -> Exit: 287 Sats
Entry: 243 Sats -> Exit: 263 Sats
Entry: 224 Sats -> Long position
I started entering short positions after a parabolic breakout. I will be trading based on fib level.
Entry: 263 Sats -> Exit: 287 Sats
Entry: 243 Sats -> Exit: 263 Sats
Entry: 224 Sats -> Long position
Note
Matic is forming a tightening wedge and breakout is imminent. Bullish entry if it goes above 313 Sats. Bearish breakout target is still 263 sats.
Note
Temporary double top is formed. Bounced at 23.6% fib level (296 Sats) but this bounce attempt is too weak.
38.2% level (267 Sats) is still in play.
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