Long
MATIC - FEBRUARY
At the moment, I am considering 2 scenarios.
1) If we take the liquidity from the bottom of the sideways movement and return to it back. Then we can safely expect a goal of $1.
2) From the current value, we will immediately go to the upper limit, then at least you can set a stop loss in a safe zone and wait for the denouement at the upper border of the sidewall.
1) If we take the liquidity from the bottom of the sideways movement and return to it back. Then we can safely expect a goal of $1.
2) From the current value, we will immediately go to the upper limit, then at least you can set a stop loss in a safe zone and wait for the denouement at the upper border of the sidewall.
Note
As you can see, we have broken the structure on the 1-day timeframe. Therefore, I still expect a more red scenario where I can safely go long.
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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.