Long
MATIC/BTC
MATIC/BTC-It moved 200%+ since August'2019 and needs to cool off(Retrace) a bit before continuing up.
Red bars could be area of interest for Scalp SHort while Green bars would be building longs.
Red bars could be area of interest for Scalp SHort while Green bars would be building longs.
Note
Update-Yesterday i was talking about scalp short and it dropped 11% and moving up from our 1st line of support around that green barNote
1.It moved 22% from first line of support around 307+ sats and tested both resistances level marked on the chart around 352 and 375 satoshi.2.If it manages to break 388 sats with enough buy volume then next probable target would be 446 sats. However , its over extended and will correct(drop) majorly in the coming months, So shorting it will be less riskier than longing at theses levels,
3.Support levels are 339-332 sats, breaking below it will cause the MATIC to test 280 in the coming days bt the trend is still bullish
Note
It moved 85%+ since our first buying zone 312-305
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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.