Long
MATIC with the W 😎💰
Many #Altcoins had local double tops after the recent run up which look like they could form W bottoms.
Scan your favorite coin and it likely created a local double top or ran into long term trend lines.
MATIC 4hr
Entry: 0.72-0.73
T1: 0.785
Top of the pattern which would become triple top if failure to break the neck line.
T2: 0.835
SL: 2-4% below entry based on risk
Set ups like this are great. If you get stopped out the trend is likely in full reverse so the R:R becomes even stronger & more appealing.🫡
Never trade with out a stop loss and plan.
Scan your favorite coin and it likely created a local double top or ran into long term trend lines.
MATIC 4hr
Entry: 0.72-0.73
T1: 0.785
Top of the pattern which would become triple top if failure to break the neck line.
T2: 0.835
SL: 2-4% below entry based on risk
Set ups like this are great. If you get stopped out the trend is likely in full reverse so the R:R becomes even stronger & more appealing.🫡
Never trade with out a stop loss and plan.
Trade active
Keep an eye on this downward trend line. If MATIC (or alt market) can not sustain the momentum this is the spot I would watch for buyer fatigue. Stop loss moved up to break even.
Trade closed: target reached
Target 1 and 2 achieved. 
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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.
🐦 Twitter for more updates: twitter.com/JamObv
🤖 Free Discord: discord.gg/6NJrBMM2sT
🤖 Free Discord: discord.gg/6NJrBMM2sT
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.