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$MATIC/USDT 2h (BinanceFutures) W-shaped recovery break & retest
Long
$MATIC/USDT 2h (BinanceFutures) W-shaped recovery break & retest
By TradingOn
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Updated
Dec 13, 2021
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Cheer
Cheer
Dec 9, 2021
Polygon is retesting previous demand zone, a bounce back on 100EMA is likely.
Current Price= 2.1695
Buy Entry= 2.1705 - 2.0777
Take Profit= 2.4625 | 2.8493 | 3.1990
Stop Loss= 1.8978
Risk/Reward= 1:1.5 | 1:3.07 | 1:4.75
Expected Profit= +31.86% | +65.46% | +101.20%
Possible Loss= -21.30%
Fib. Retracement= 0.786 | 1.414 | 2
Margin Leverage= 2x
Estimated Gain-time= 10 days
polygon.technology/
Dec 10, 2021
Trade active
All entries filled
Polygon is accumulating inside the demand zone, preparing for next move up let's hope!
Dec 13, 2021
Trade closed: stop reached
SL hit with -21.30% (2x) and -1R
#Polygon lost support after all and retraced down further.
matic
polygon
Trend Analysis
TradingOn
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