Short
MATICUSDT 20022023 Short Idea

On Hourly chart, MATIC has been trying hard to break and sustained above 1.5500, however it has failed thrice. Further on hourly timeframes MATIC is failing to break previous HH and making Higher lows. 1.4700-1.4800 has becoming important support Zone. Looking at the indicators, candles pattern and chart formation a short position can be taken as per below setup.
MATICUSDT
Entry: 1.4781
SL: 1.5417
TP: 1.3827
RRR: 1.56
MATICUSDT
Entry: 1.4781
SL: 1.5417
TP: 1.3827
RRR: 1.56
Trade closed: target reached
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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.