Long
MATICBTC - falling wedge and bullish divergence
MATICBTC is forming a falling wedge after the current huge dump which usually ends in a bullish breakout.
We can see bullish divergence on the 1hr RSI and it's close to the 0.618 fib-level which is the usual reversal zone for retracements.
You can either wait for the breakout to lower your risk or get in now to possibly get more profit but with the risk of a pattern failure.
Another thing to consider is that shorting is currently disabled for MATIC which reduces the sell pressure a bit.
Consider a stop loss below 200 to minimize downside risk.
Take profit zones are in the chart but I forgot to add one around 250, sell some there as well.
Let me know what you think and good luck with your trades.
We can see bullish divergence on the 1hr RSI and it's close to the 0.618 fib-level which is the usual reversal zone for retracements.
You can either wait for the breakout to lower your risk or get in now to possibly get more profit but with the risk of a pattern failure.
Another thing to consider is that shorting is currently disabled for MATIC which reduces the sell pressure a bit.
Consider a stop loss below 200 to minimize downside risk.
Take profit zones are in the chart but I forgot to add one around 250, sell some there as well.
Let me know what you think and good luck with your trades.
노트
Hourly RSI broke out of the downtrend, looking good so far:거래청산: 스탑 닿음
With the recent BTC drop it unfortunately fell into the stop loss zone.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.