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Long

MATIC♾️ breakout

By bizmark
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.
  • 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.
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Note
Next targets would be 1.155 and 1.195
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Trade closed: target reached
TARGET2 hit. TARGET3 missed by smidgeon, now pulling back.
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Trade closed: target reached
TARGET3 reached and pulled back immediately. Check the precision...
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Chart PatternsmaticMATICBTCMATICBUSDMATICETHMATICEURmaticusdMATICUSDCMATICUSDTpolygonTrend Analysis
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