Long
Matic Short with Targerts, Plus Bonus Target!
Price action and indicators:
- $BINGX:MATICUSDT is at the top of its macro ascending wedge 🐻
- Swing failure pattern at key resistance level 🐻
- Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM 🐻
- Stochs are frying 🐻
- PMARP overheated, not where smart money is accumulating 🐻
Risk management and targets: - Matic must close above 2.78 to flip direction, stops above ❌
- Targets are the white lines below 🎯
- Bonus measured move target if price breaks down from its macro ascending wedge 🎯
Note
Accidentally tagged it as long, but obviously meant short, as I clearly marked my three short targets.Note
All of my targets were hit.
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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.
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.