Short
$MATIC/USDT 1D (Binance Futures) Rising wedge under resistance
Polygon (formerly Matic Network) has grown a lot lately and is approaching supply zone, could reverse up there.
We know crypto market is bullish but we are surely over exposed long so we better look for swing short as well!
More information about that PoS blockchain compatible with Ethereum and BSC on polygon.technology
Current Price= 1.9881
Sell Entry = 2.0859 - 2.2707
Take Profit= 1.6702 | 1.3832 | 1.0219
Stop Loss= 2.5425
Risk/Reward= 1:1.4 | 1:2.18 | 1:3.18
Expected Profit= +23.33% | +36.50% | +53.09%
Possible Loss= -16.72%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 months
We know crypto market is bullish but we are surely over exposed long so we better look for swing short as well!
More information about that PoS blockchain compatible with Ethereum and BSC on polygon.technology
Current Price= 1.9881
Sell Entry = 2.0859 - 2.2707
Take Profit= 1.6702 | 1.3832 | 1.0219
Stop Loss= 2.5425
Risk/Reward= 1:1.4 | 1:2.18 | 1:3.18
Expected Profit= +23.33% | +36.50% | +53.09%
Possible Loss= -16.72%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x
Estimated Gain-time= 3 months
Trade active
Both entries filledPolygon got strongly rejected on resistance, quite precise entry so far we must say! Let's see how that ends.
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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.