A short setup for MATICUSDT (weekly TF)
A clean confluence of fibonacci, VAL, horizontals on the price of 1.1930. The level can also be associated with a liquidity grab.
It is indeniable that this level is strong as Dwayne "The Rock" Johnson. High probability that this level presents a good short setup as invalidation is clear and downside is big.
Invalidation is if price come barging through the level with high amount of volume.
It is indeniable that this level is strong as Dwayne "The Rock" Johnson. High probability that this level presents a good short setup as invalidation is clear and downside is big.
Invalidation is if price come barging through the level with high amount of volume.
Comment:
Setup is still active as MATICBTC is showing a great sign of weakness. Will post a new idea about the MATICBTC