Short

MATIC Short Ideas | Pump and Dump?

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I think we are a long way from a bull run right now. So in my opinion this price increase is just temporary and will potentially fall back to its strong resistance level (around 1$), which can work as its support now.

It can also fall back in the channel below the resistance.

The trade is placed as per the Fib levels that I use for buying back after the pump, which are forming exactly in the resistance region marked.

I am shorting Matic for now and will bear the loss if it moves past my expectations.

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