Short
MATIC Short Ideas | Pump and Dump?
I think we are a long way from a bull run right now. So in my opinion this price increase is just temporary and will potentially fall back to its strong resistance level (around 1$), which can work as its support now.
It can also fall back in the channel below the resistance.
The trade is placed as per the Fib levels that I use for buying back after the pump, which are forming exactly in the resistance region marked.
I am shorting Matic for now and will bear the loss if it moves past my expectations.
It can also fall back in the channel below the resistance.
The trade is placed as per the Fib levels that I use for buying back after the pump, which are forming exactly in the resistance region marked.
I am shorting Matic for now and will bear the loss if it moves past my expectations.
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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.