MATIC - A Risky But Promising Short

MATIC is another one to have hit the 0.886 retracement . Could be a real home run to the downside. SL above ATH

Not advice.

Trade active

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Btw this on the basis that Bitcoin is in a crash currently overextended in a flat wave 4. . See my recent BTC thread for details.

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I'll probably stagger out and buy-to-close all my MATIC shorts if/when BTC finds its way down towards to lower trendline of the pennant. I may re-fire again after a bounce.

Trade closed: target reached:

I'm all out here with MATIC at $.1.6. It could have another leg down if BTC touches the lower pennant, but looking like a bounce may be coming and just touched support. I'll happily exit early to not wake up to potential bounces

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MATIC up 12% today since close. Bounce evaded.