Updated
What is Matic's next move?
After the head and shoulders pattern Matic went to the downside as I expected. But what is the next move?
I'm expecting Matic to hit the support at 0.32 again if we can see the bears, we can expect Matic to hit 0.29
but he can still break the two supports I said and throw himself to 0.22 area (less possible scenario) because there is no powerful support after 0.29
Conclusion:
First buy zone: 0.32
Second buy zone: 0.29
Profit target 1: 0.35
Profit target 2: 0.375
Profit target 3: 0.39-0.42
Don't forget, these are just my personal opinions.
I'm expecting Matic to hit the support at 0.32 again if we can see the bears, we can expect Matic to hit 0.29
but he can still break the two supports I said and throw himself to 0.22 area (less possible scenario) because there is no powerful support after 0.29
Conclusion:
First buy zone: 0.32
Second buy zone: 0.29
Profit target 1: 0.35
Profit target 2: 0.375
Profit target 3: 0.39-0.42
Don't forget, these are just my personal opinions.
Trade closed: target reached
it touched the first buy zone I mentioned(0.32), and then came to the first profit target(0.35)Trade closed: target reached
it touched the profit target 2!!Trade closed: target reached
Target 3!!!!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.