thecryptochart

Crypto #maticusdt - symmetrical triangle breakout. Quick 30%

Long
BINANCE:MATICUSD   MATIC Network
Crypto #maticusdt - symmetrical triangle breakout. Quick 30%.

Matic has broken the neckline of the ascending triangle. STO appears precarious but RSI confirms the new high and buying volume bars are dominating.
The market is not fixed but there is a possible 30% trade on the table and worth a shot. You could possibly raise your stop to 0.59 in this market to cut losses if the market goes against you.

Risk: 8 of 10. So a bit of a degen play in this market.

Volume. Green volume bars are dominating.

RSI confirmed the new high.

Target 0.88

Stop loss 0.49
Comment:
Time to lock in some profit people. We are at 0.90

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