Long
MATIC: Plan for Swing Trading at Ranging Market
Hello Guys!
Today I would like to present to you my trade idea for POLYGON/MATIC.
As you can see, in 4H time frame here, MATIC has broken the trendline with a solid candle and is now testing the 50 EMA.
If you look at 1 day time frame, MATIC is currently at the range between 1-1.2 USD (approximately).
The 4H breakout confluences with the rejection from support/range low of 1 USD.
Now, as long as MATIC does not break the 1 USD support, or if there is a correction from here, the correction does not exceed the box I draw, we can expect MATIC to go to 1.2-1.25 USD range, which gives us a good trade opportunity.
Once MATIC reach the resistance/range high, we can see if there is any bearish signal there, to set up a short trade there back to 1 USD.
Good luck with the trading and remember that this is not a financial advice!
Trade at your own risk!
Hope you find my idea helpful
Today I would like to present to you my trade idea for POLYGON/MATIC.
As you can see, in 4H time frame here, MATIC has broken the trendline with a solid candle and is now testing the 50 EMA.
If you look at 1 day time frame, MATIC is currently at the range between 1-1.2 USD (approximately).
The 4H breakout confluences with the rejection from support/range low of 1 USD.
Now, as long as MATIC does not break the 1 USD support, or if there is a correction from here, the correction does not exceed the box I draw, we can expect MATIC to go to 1.2-1.25 USD range, which gives us a good trade opportunity.
Once MATIC reach the resistance/range high, we can see if there is any bearish signal there, to set up a short trade there back to 1 USD.
Good luck with the trading and remember that this is not a financial advice!
Trade at your own risk!
Hope you find my idea helpful
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.
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.