Kijun Bounce - Matic/BTC -1D
Updated
If you look at Matic for the last few days on the 16th of October, the 18th of October and now again the 21st of October we see a Kijun Bounce trade.
Each time we have seen this result in a 5% move and currently this one has momentum and volume behind it. If you check the 4hr using Multiple Time Frame Analysis you will see it has already started to make a move.
I would set targets at:
1. 181
2. 188
3. 210 - 1-2 weeks
Stop loss: 169 keeping it tight or if you want to play it a little loose stop just below the Kijun at 164.
This trade still has a daily Edge to Edge possibility and recently had a Bullish Kumo Twist.
Goodluck everyone!
Follow me on Twitter at: coachkcrypto
Coach K
Each time we have seen this result in a 5% move and currently this one has momentum and volume behind it. If you check the 4hr using Multiple Time Frame Analysis you will see it has already started to make a move.
I would set targets at:
1. 181
2. 188
3. 210 - 1-2 weeks
Stop loss: 169 keeping it tight or if you want to play it a little loose stop just below the Kijun at 164.
This trade still has a daily Edge to Edge possibility and recently had a Bullish Kumo Twist.
Goodluck everyone!
Follow me on Twitter at: coachkcrypto
Coach K
Note
Target 1 hitAt 185 she should hit that soon and then we move out stop to 181 and use evolving R to manage the trade up
Note
Target 2 hit exactly 188 sats13% gainer here
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.