MATICUSDT U pattern!/Trading Strategy

5 thg 10, 2021

$BYBIT:MATICUSDT
4H trend chart
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an U pattern is forming, and will complete after hit 1.4421
Signal:
1) Rallied back to 12ema after hit 144 and 169ema
2) Got support on Fib(0.618)
3) From Darvas box, we can have the same amplitude from bottom(refer to right yellow ruler), then get target around 1.4381
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Trading strategy as below:
Profit Targets
a) 1.4381~1.4708---Fib(1.272~1.382)
b) 1.6543---Fib(2)

Stop loss
a) 1.2358---orange horizontal line
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Trading is a reflection of yourself, sometimes you need to take a step back to see more.
Learn more daily and Be ready for any opportunities daily.
Have a nice trading!

8 thg 10, 2021

Ghi chú

Congrats guys! Price hit TP2 on my original post.
Now I setup new prfit targets for you. You definitely could take profit anytime you want.