Short FA: Matic is a good layer 2 solution for Etherum and the gas fee are only a penny. Uniswap is also migrating to MATIC, leading to further upside for MATIC. You can now also farm SAND on the matic network, providing a LP of SAND-MATIC at 83.95% APY the last time I check
Setup: Matic has been forming higher highs and low and is now having a nice consolidation before breakout out of its ATH . It is also trending, seeing its ADX is above 25, giving further weight to its breakout.
Entry: Wait for MACD 4h to crossover
SL: 2.397( 1 ATR below ATR trailing stop loss)
TP: No TP target( ride the trend using ATR trailing stop loss)
Do consider liking and following me if you like my content as some of the trades I do are time sensitive and you will not want to miss out
Setup: Matic has been forming higher highs and low and is now having a nice consolidation before breakout out of its ATH . It is also trending, seeing its ADX is above 25, giving further weight to its breakout.
Entry: Wait for MACD 4h to crossover
SL: 2.397( 1 ATR below ATR trailing stop loss)
TP: No TP target( ride the trend using ATR trailing stop loss)
Do consider liking and following me if you like my content as some of the trades I do are time sensitive and you will not want to miss out