MATIC♾️ breakout

26. Jan. 2023

Wassup guys! Polygon broke up this triangle📐 and I think there is chance for run to 1.1340 and even higher, but we could see some correction first. I traded the initial breakout but one can set BUY LIMIT order to previous range high to catch🎣 the potential pullback. As always ... don't chase the market, let the market come to you.

• ENTRY: local high @ 1.0185
  
• STOPLOSS (SL): local low @ 0.9760
  
• TARGET (TP): height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 1.1340
  
• REWARD RISK RATIO (RRR): 2.65
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

Please boost🚀, comment🗣️, follow me✒️, enjoy📺!

⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

27. Jan. 2023

Trade geschlossen: Ziel wurde erreicht

Target hit 🎯. No deeper pullback before. If price drops back into the triangle I will rebuy around 1.02 to ride it up once again.

27. Jan. 2023

Anmerkung

Next targets would be 1.155 and 1.195

28. Jan. 2023

Trade geschlossen: Ziel wurde erreicht

TARGET2 hit. TARGET3 missed by smidgeon, now pulling back.

30. Jan. 2023

Trade geschlossen: Ziel wurde erreicht

TARGET3 reached and pulled back immediately. Check the precision...