Updated
Analyzing for Education Matic (Polygon)
Let's see from a higher time frame 4H and analyze.
I am expecting a reversal from the supply zone or resistance shown.
Our entery should be in a lower time frame, say 15 min or 5 min as a scalpling.
Let's see how it will go.
Groom Abrham
I am expecting a reversal from the supply zone or resistance shown.
Our entery should be in a lower time frame, say 15 min or 5 min as a scalpling.
Let's see how it will go.
Groom Abrham
Note
Since the level we were analyzing was a key level, one of the two might happen, i.e. break out or reversal. Considering the bear market we are in and the downward in price of Bitcoin these days we predicted reversal.
Unfortunately it broke out. That is where putting stop loss comes into play.
Don't leave your positions open.
Trading is not alwyas analysis and prediction. It is also probability.
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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.