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$MATIC, Because Everyone is Talking About It

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MMATIC is extremely popular but its PA follows BTC all but that one insane time. My thoughts if BTC trends downwards.
Note
H/S was the wrong interpretation. Trade still open as MMATIC structure looks frothy. SL is $1.195. From there I'll react to the $1.25 resistance. Longing the break or shorting the rejection... Let's see what happens.
Note
This trade is taking much longer than anticipated. However, the market is collapsing under the sell pressure. Trade is still active but my SL is now set just below my entry. That way, if I get stopped out, it will be in profit. Good luck if you're trading this setup as well.
Note
Trade closed. Profit booked. Hope everyone did well.
readyplayer9
altocoinsChart PatternsmaticMATICUSDTTrend Analysis

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altocoinsChart PatternsmaticMATICUSDTTrend Analysis
readyplayer9

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.