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Nilofar376
Dec 7, 2022 10:56 PM

SHORT MATIC Short

MATIC Network / TetherUSBinance

Description

Very Good Risk to Reward 1:5 setup for shorting MATTIC USDT:

Entry price: $0.9122
Stop loss: $0.9254
Target price: $0.8462

Trade closed: stop reached

Comments
Dkhantastic
You drew wrong resistance zone that's why SL hit, or else it would have been a handsome reward.
Nilofar376
@Dkhantastic, My idea was not based on the resistance but it was based on the supply and break of structure. I had thought will price go down after reaching back to supply area which had broken the structure. By the way it was very small stop loos and also thank you from your comment.
Nilofar376
@Dkhantastic, My mistake in this trade was that I had not considered the origin block order which broke the structure. If I had considered, It was been very good RR and successful trade.
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