Maticusdt- Scale into a short
Hi Traders Matic looks like it has lost its momentum. Quite a few similar looking charts. Im expecting a pull back that will have many new traders shaking in their boots. Just a part of the Market cycle let it play out. Retail are at the mercy of the market makers. Risk off the table. The yellow line is the 200 ema. DCA back into a spot position around the 1.618 level. Still bullish on Matic long term but the bear rally must come to an end and I think the end is near. Sat safe always trade with a stoploss.
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