Got my eyes on MATIC
MATIC is starting to boop the descending trend line, so I got eyes on it. Price and momentum are increasing. VWAP also coming up. Money flow pointing down on the 1d, but pointing up on the 2d and 3d.
I'll be watching for a confirmed break and hold on the descending trendline.
Scenario 1- Long
Enter = 0.8350 - 0.8450
SL = 0.7730
Target 1 (POC) = 0.8930
Target 2 (Resistance) = 0.9718
Target 3 (VAH) = 1.0330
If it doesn't break and hold the descending trendline, then it will likely try to retest the VAL (also the 0.50 Fib). If it breaks the ascending trendline and the support/0382 fib area, I'll be looking for shorts
Scenario 2 - Short
Enter = 0.7650
SL = 0.7930
Target (VAL & 0.50 fib) = 0.6815
I'll be watching for a confirmed break and hold on the descending trendline.
Scenario 1- Long
Enter = 0.8350 - 0.8450
SL = 0.7730
Target 1 (POC) = 0.8930
Target 2 (Resistance) = 0.9718
Target 3 (VAH) = 1.0330
If it doesn't break and hold the descending trendline, then it will likely try to retest the VAL (also the 0.50 Fib). If it breaks the ascending trendline and the support/0382 fib area, I'll be looking for shorts
Scenario 2 - Short
Enter = 0.7650
SL = 0.7930
Target (VAL & 0.50 fib) = 0.6815
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