MATIC♾️ breakout
Updated
Wassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.
Check my other stuff in related ideas.
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
- ENTRY: local high @ 1.0185
- STOPLOSS (SL): local low @ 0.9760
- TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1.1340
- REWARD RISK RATIO (RRR): 2.65
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boost🚀, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
Trade closed: target reached
Target hit 🎯. No deeper pullback before. If price drops back into the triangle I will rebuy around 1.02 to ride it up once again.Comment
Next targets would be 1.155 and 1.195Trade closed: target reached
TARGET2 hit. TARGET3 missed by smidgeon, now pulling back.Trade closed: target reached
TARGET3 reached and pulled back immediately. Check the precision...
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