Long
MATIC♾️ breakout
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.Note
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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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.