MATIC with the W 😎💰

٢٨ سبتمبر ٢٠٢٢

Many #Altcoins had local double tops after the recent run up which look like they could form W bottoms.

Scan your favorite coin and it likely created a local double top or ran into long term trend lines.

MATIC 4hr

Entry: 0.72-0.73

T1: 0.785
Top of the pattern which would become triple top if failure to break the neck line.

T2: 0.835

SL: 2-4% below entry based on risk

Set ups like this are great. If you get stopped out the trend is likely in full reverse so the R:R becomes even stronger & more appealing.🫡

Never trade with out a stop loss and plan.

٢٨ سبتمبر ٢٠٢٢

تم فتح الصفقة

Keep an eye on this downward trend line. If MATIC (or alt market) can not sustain the momentum this is the spot I would watch for buyer fatigue.

Stop loss moved up to break even.

٤ أكتوبر ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

Target 1 and 2 achieved.