MATIC/USDT (SHORT POSITION) BIG CORRECTION
Entry: $1.85
Stop Loss: $2
Take Profit: $1.25
Risk:Reward 1:6
*Leverage: 5x
Analysis:
Matic has failed to retest the daily resistance at $2.56. Due to BTC correction for the next few months, I expect it to follow the downtrend for a while.
Lower High on Daily Chart and 4H chart shows the weaknesses of its uptrend.
Therefore, I am looking at the support at $1.5. Once its broken, further down to $1.25 for our take profit area.
All The Best
Stop Loss: $2
Take Profit: $1.25
Risk:Reward 1:6
*Leverage: 5x
Analysis:
Matic has failed to retest the daily resistance at $2.56. Due to BTC correction for the next few months, I expect it to follow the downtrend for a while.
Lower High on Daily Chart and 4H chart shows the weaknesses of its uptrend.
Therefore, I am looking at the support at $1.5. Once its broken, further down to $1.25 for our take profit area.
All The Best
Penafian
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