MATIC/BTC-It moved 200%+ since August'2019 and needs to cool off(Retrace) a bit before continuing up.
Red bars could be area of interest for Scalp SHort while Green bars would be building longs.
Red bars could be area of interest for Scalp SHort while Green bars would be building longs.
Comment:
Update-Yesterday i was talking about scalp short and it dropped 11% and moving up from our 1st line of support around that green bar
Comment:
1.It moved 22% from first line of support around 307+ sats and tested both resistances level marked on the chart around 352 and 375 satoshi.
2.If it manages to break 388 sats with enough buy volume then next probable target would be 446 sats. However , its over extended and will correct(drop) majorly in the coming months, So shorting it will be less riskier than longing at theses levels,
3.Support levels are 339-332 sats, breaking below it will cause the MATIC to test 280 in the coming days bt the trend is still bullish
2.If it manages to break 388 sats with enough buy volume then next probable target would be 446 sats. However , its over extended and will correct(drop) majorly in the coming months, So shorting it will be less riskier than longing at theses levels,
3.Support levels are 339-332 sats, breaking below it will cause the MATIC to test 280 in the coming days bt the trend is still bullish
Comment:
It moved 85%+ since our first buying zone 312-305