MATICUSDT 20022023 Short Idea

On Hourly chart, MATIC has been trying hard to break and sustained above 1.5500, however it has failed thrice. Further on hourly timeframes MATIC is failing to break previous HH and making Higher lows. 1.4700-1.4800 has becoming important support Zone. Looking at the indicators, candles pattern and chart formation a short position can be taken as per below setup.

MATICUSDT

Entry: 1.4781

SL: 1.5417

TP: 1.3827

RRR: 1.56

Trade geschlossen: Ziel wurde erreicht:

TP Hit