Matic Support Found?
Updated
MMATIC #polygon H4 wanting to form a double bottom at the golden pocket with OBV about to break out of consolidation. Support at the 200 EMA and 100 MA also.
As long as Bitcoin doesnt dump hard again, we should see a nice 10-15% move here for Matic.
Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
As long as Bitcoin doesnt dump hard again, we should see a nice 10-15% move here for Matic.
Top 10 trading tips:
1. DO NOT FOMO into PUMPs.
2. Set a strategy and be consistent. The more you use the same strategy with the same $$$ amounts, you will be able to identify the winning set ups quicker and you will need to win less trades to be profitable over time.
3. Let your winners run and cut your losers short.
4. You will not win every trade, but if you are disciplined with great RM you don't need to be right all the time to win!
5. Before you enter a trade, make you know your target (or take profit target and let the rest ride) AND your exit strategy.
6. When you are up, you can use a trailing stop or trim off some profit at a logical resistance point with a stop loss at breakeven.
7. It is hard to deal with emotions when trading, set parameters up front so you keep your self accountable. (stop loss, take profit levels, etc)
8. Don't fight the trend. The trend is your friend.
9. Use multiple indicators to confirm your TA on price action.
10. Only trade what you are willing to lose. It will be hard to trade without emotions.
Please note:
- This is not financial advice.
- I do not take every trade I post.
- Never trade off of someone else's chart until you DYOR!
Note
Stop moved in profit and shaved a bit off at .5 levelTrade closed: target reached
Note
Geez did this play out nicely (and more than expected)
Trading:
Phemex: Referral Code= EC7RK2
Bybit: Referral Code= 47YY0
Kucoin: Referral Code= 1syh4
Savings:
Nexo: nexo.io/ref/vapxz4xm8x?src=ios-link
BlockFi: Referral Code= 88fda124
Phemex: Referral Code= EC7RK2
Bybit: Referral Code= 47YY0
Kucoin: Referral Code= 1syh4
Savings:
Nexo: nexo.io/ref/vapxz4xm8x?src=ios-link
BlockFi: Referral Code= 88fda124
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