Matic Short with Targerts, Plus Bonus Target!

Dec 28, 2021

Price action and indicators:

• BINGX:MATICUSDT is at the top of its macro ascending wedge 🐻
  
• Swing failure pattern at key resistance level 🐻
  
• Divergence for Many Indicators confirmed bearish divergence on the HIST and MOM 🐻
  
• Stochs are frying 🐻
  
• PMARP overheated, not where smart money is accumulating 🐻
  
  Risk management and targets:
  
• Matic must close above 2.78 to flip direction, stops above ❌
  
• Targets are the white lines below 🎯
  
• Bonus measured move target if price breaks down from its macro ascending wedge 🎯
  

Jan 10, 2022

Note

Accidentally tagged it as long, but obviously meant short, as I clearly marked my three short targets.

Jan 10, 2022

Note

All of my targets were hit.