$MATIC/USDT 4h (Binance Futures) Falling wedge on support
Updated
Polygon is forming a bullish pattern which could lead to continuation, let's enter here.
Current Price= 1.3336
Buy Entry = 1.3346 - 1.2846
Take Profit= 1.4417 | 1.6058 | 1.8287
Stop Loss= 1.1991
Risk/Reward= 1:1.2 | 1:2.68 | 1:4.7
Expected Profit= +20.18% | +45.24% | +79.28%
Possible Loss= -16.88%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Current Price= 1.3336
Buy Entry = 1.3346 - 1.2846
Take Profit= 1.4417 | 1.6058 | 1.8287
Stop Loss= 1.1991
Risk/Reward= 1:1.2 | 1:2.68 | 1:4.7
Expected Profit= +20.18% | +45.24% | +79.28%
Possible Loss= -16.88%
Fib. Retracement= 0.382 | 0.786 | 1.272
Margin Leverage= 2x
Estimated Gain-time= 2 weeks
Trade closed: target reached
TP1 reached with +20.18% (2x) and +1.2RPolygon bounced on support and broke-out of the wedge hitting 50MA, as forecasted! 💪🏼
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