$MATIC/USDT 4h(#BinanceFutures)Falling broadening wedge breakout

11 Jan 2022

Polygon just regained 50MA support and looks ready for bullish continuation after a last retest.

Current Price= 2.2351
Buy Entry= 2.2088 - 2.1160
Take Profit= 2.4165 | 2.6646 | 3.0737
Stop Loss= 1.9585

Risk/Reward= 1:1.25 | 1:2.46 | 1:4.47
Expected Profit= +23.50% | +46.44% | +84.28%
Possible Loss= -18.86%

Fib. Retracement= 0.559 | 0.786 | 1.117
Margin Leverage= 2x
Estimated Gain-time= 3 weeks

13 Jan 2022

Dagangan ditutup: sasaran tercapai

TP1 reached with +23.50% (2x) and +1.25R

Polygon continued with the recovery as predicted, we expect it to keep rising!
Having a hard time to regain 200MA, SL adjusted to lowest entry to protect the trade (2.1160$)

19 Jan 2022

Dagangan ditutup secara manual

Remaining position was closed with -4.30% (2x) and -0.23R

Polygon got rejected on 200MA resistance twice and retraced down below demand zone.
Higher targets are still valid but we are out for now, we'll try to buy back later!