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Matrixai

AI Project Ready to ExplodeMatrix AI (MAN) has completed the Cup formation on the daily logarithmic chart, with USDT as the trading pair, and has successfully retested. It is also scheduled to be listed on the Biconomy exchange on April 2, 2024. MAN has the advantage of not yet being listed on major exchanges such as Binance, Coinbase, and Okex. MAN is a real and experienced artificial intelligence project with a relatively low price considering its circulating supply. Therefore, it is still not too late to invest in this project.
by Atilla_Tunc
1
MATRIX AI Showing Bullish Divergence. 1:18 Risk:RewardMight be a good one to have a SMALL punt on. 1:18 Risk:Reward There is not much volume so be aware that there could be slippage on your stops. The drawdown entering at 165 sat is 20% (not including slippage) so be safe. However the upside potential is 370- 460% So for a $1000 position ~$200 Risk: $3.7k - $4.6k Reward. Someone wanted me to have another look at this chart and the gambler in me says that's great odds, you only have to win 1 of these out of 18 tries to break even, and any more than that is pure cream! While this is tempting I won't be taking this trade. I feel like, for me, this is leaning more towards being gambling than trading. This is mainly because the setup is based purely on divergence and I am not familiar with the odds. Divergence on its own is not where my edge is. I like to have confluence with a fib level, price braking, testing and holding S&R or EMAS or an elliott wave count. So this play currently goes against my trading plan and in the long run may reduce my odds of success. Capital preservation is comes first! LONG ENTRY: 140- 165 sat 1st TARGET: 777 sat 2nd TARGET: 929 sat STOPS: below previous low Never Trust. Verify. DYOR. Not Financial Advice Just an Observation. Always remember: Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
MLong
by TribeWriter666
MAN/BTCAfter my success with ENQ, I thought I'd try to find another bottomed chart. I pulled up the Huobi chart for Matrix AI, but I am trading on Kucoin. Things I like about MAN: Unpumped, bullish divergence on the weekly and daily chart, looks to have a flat bottom, not much talk about it on Crypto twitter. This was shilled to high heavens 1-2 years ago. Things I don't like about MAN: their Twitter account is quiet, not much volume (but that can come later), still stuck in a massive downtrend as defined by the parallel channel I drew, since it's in a downtrend, this could go down further! That being said, I bought a small bag with my ENQ profits. If I'm targeting the top of the channel, which looks like a safe bet to me, this would be a 10x. Target: 900-1000 satoshis. Seems crazy, but so many altcoins are pumping. Don't get greedy, sell along the way up, if it pumps. If it breaks previous support, then I'd cut my position. It's sitting near all time lows, doesn't seem like too risky of a trade. This could take days-weeks-months. Be patient. If the stop doesn't get hit, set it and forget it. Not an expert here, I'm very amateur. Your risk is your own!
MLong
by walkin
2