MATIC short at resistance

27 Kas 2019

After a nice run, Matic is facing daily resistance at 350 sats. Closed my long and using some of the profit to short Matic at 342. Bearish divergence on 4h, also daily RSI is at 87 - overbought. We might still see a push to or above 350, as volume is still there. Definitely using SL, as these alts can be pumped even with high rsi and protecting my capital is a priority. First target around 280 sats.