Short
Continue on uptrend?
Hi traders,
Matic has been on an uptrend for 155 days.
For shorter period of a time, It made a lower high. That shows we are currently in a downtrend. There is a strong support area shown in the chart.
You see my expectation, which is for price to form a rising triangle formation after breakout the support area and bounces back major uptrend. In that case, the entire market will decide if major uptrend wins against resistance area and a downtrend or vice versa.
The key levels are also indicated in the chart.
Stay safe traders^^.
Matic has been on an uptrend for 155 days.
For shorter period of a time, It made a lower high. That shows we are currently in a downtrend. There is a strong support area shown in the chart.
You see my expectation, which is for price to form a rising triangle formation after breakout the support area and bounces back major uptrend. In that case, the entire market will decide if major uptrend wins against resistance area and a downtrend or vice versa.
The key levels are also indicated in the chart.
Stay safe traders^^.
Trade attivo
It moves as expected. I have made two trade. The first is, when the support area has broken and there was a pull-back [SHORT]. The second is that when the price hit the trend line. To be honest, I was going to STOP-LOSS manually because of the wicks. However, I chose waiting for the candle closes. Fortunately, It was a right decision.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.