Short

MATIC/USDT (SHORT POSITION) BIG CORRECTION

Entry: $1.85

Stop Loss: $2

Take Profit: $1.25

Risk:Reward 1:6

*Leverage: 5x


Analysis:

Matic has failed to retest the daily resistance at $2.56. Due to BTC correction for the next few months, I expect it to follow the downtrend for a while.
Lower High on Daily Chart and 4H chart shows the weaknesses of its uptrend.

Therefore, I am looking at the support at $1.5. Once its broken, further down to $1.25 for our take profit area.


All The Best
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