Matic daily consolidation begins

Hello traders,

I started entering short positions after a parabolic breakout. I will be trading based on fib level.

Entry: 263 Sats -> Exit: 287 Sats
Entry: 243 Sats -> Exit: 263 Sats
Entry: 224 Sats -> Long position

Yorum:

Matic is forming a tightening wedge and breakout is imminent. Bullish entry if it goes above 313 Sats.
Bearish breakout target is still 263 sats.

Yorum:

Temporary double top is formed.
Bounced at 23.6% fib level (296 Sats) but this bounce attempt is too weak.
38.2% level (267 Sats) is still in play.