MATIC in Descending tringle pattern: 1 Day Chart
Hello Everyone;
This time I am sharing my recent analysis on MATIC. i am following MATIC from a long time and also doing intra day trading in it until I was trapped by buyers. Yes, I am still in a short trade with almost -110% ROI. waiting for MATIC to come and test 0.72 area which is a strong support.
But, as you can see in the chart, $BINANCE:MATICUSDT 1D. It is trading in a descending triangle pattern which shows a down trend for MATIC. If this triangle break out in down direction, I have marked my support zone for re entry to get LONG position. Right now I am just holding my wrong trade and waiting.
always use stop loss and safe your fund. last time i was really very optimistic for down trend and BOOMM!!!
have a safe trading.
This time I am sharing my recent analysis on MATIC. i am following MATIC from a long time and also doing intra day trading in it until I was trapped by buyers. Yes, I am still in a short trade with almost -110% ROI. waiting for MATIC to come and test 0.72 area which is a strong support.
But, as you can see in the chart, $BINANCE:MATICUSDT 1D. It is trading in a descending triangle pattern which shows a down trend for MATIC. If this triangle break out in down direction, I have marked my support zone for re entry to get LONG position. Right now I am just holding my wrong trade and waiting.
always use stop loss and safe your fund. last time i was really very optimistic for down trend and BOOMM!!!
have a safe trading.
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