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$Matic - Classic chart - 80% Drop - Target $0.25

1 045
Matic printing Bearish Flag pattern, can potentially drop over 80%

Matic & Bitcoin has similar pattern & Check out the comparison

Target $0.25
Trade closed: target reached
My $1.2 Target is reached. So, closing the idea.

MMATIC can extend upto $2

Unless it breaks out Bearish Flag, can drop to $0.25
Trade active
Reopened shorts & stick to the Target $0.25
Note
Closed my shorts in the morning. Seems like one more leg up until Fed meeting & then will short
Note
Reopened the short & wish me good luck
Trade closed: stop reached
Seems to be bullish
Trade active
With FED Rates Hike I'm activating this idea. BEARISH
Trade closed manually
Despite Rate Hike & no Pivot in 2023 Market looks quite strong

So closing this idea for now
Trade active
Re-activating the Bearish scenario & Re-opened shorts

Heavily over bought
Trade closed: stop reached
Need confirmation on bearish scenario until then closing the idea
Trade active
Finally this crap broke down from falling wedge
Trade active
HIDDENImmortal
Also on:
Chart PatternsmaticMATICBTCmaticnetworkmaticusdMATICUSDTPOLYTrend Analysis

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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.
Chart PatternsmaticMATICBTCmaticnetworkmaticusdMATICUSDTPOLYTrend Analysis
HIDDENImmortal
Also on:

Related publications

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.