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P_S_trade
29 nov. 2022 14:53

Polygon MATIC price Medium and Long term trade 

Polygon / Tether USWhiteBIT

Description

The MaticUSDT price was one of the first to break out of the falling trend channel back in July this year.
Now MaticUSD is trading above the liquidity zone of $0.67 - 0.77

You can try a medium-term trade:
Entry $0.831
Stop $0.7624 (-8%)
Take profit $1.1974 (+44%)
Profit/loss ratio 5/1

You can also consider this trade as a long-term investment and hold it until the take profit of $1.90 (+127%)
You can also keep a larger stop on the position, around $0.67
There are many options, it depends on what parameters your risk and money management allows.

But it is probably not worth getting the Polygon token - Matic when the price will be below $0.67. After all, there is an "emptiness" below the liquidity zone and the possibility of the MaticUSDT price collapsing to around $0.4
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Commentaires
FX_Professor
🙌Nailed it. Thumbs up man
ATradeSniper
good work
UnknownUnicorn15614419
It's a good idea, but we still have to wait for confirmation, so we shouldn't go in now.
Williamforex
Really like it
SwallowPremium
Your technical analysis is awesome! Thank you for sharing!!!
RLinda
Great technical analysis, I think price will soon show who is right)) Thanks)
UnknownUnicorn31900754
Matic looks bullish. Targets are $1.00, $1.22 and finally $1.91.

#Crypto #Predictions
ArmanShabanTrading
Totally 💯
Gold-Tech
Keep up the good job
Lingrid
Very detailed and nice work
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