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SHORT MATIC USDT | Elliott Correction Wave

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Short MATIC USDT

As you see we could enter in the third wave of the Elliott Corrective Pattern.

It is often see as a bull trap as people thinks the bull trend is still healthy. However, the price could fall if the price is following the Elliott Wave Pattern.

Entry Price: 2.544
✔️ Target Profit: 2.265
❌ Stop Loss: 2.637

Potential Profit: 11%
Ratio Risk / Reward: 3

You may enter this position as a margin position for increasing the profit as the Ratio Risk / Reward is low. That's up to you.

I am also curious to earing your opinion too.

Should you feel that analysis helps you, feel free to leave a like, and I wish you a good day!

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