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MATIC Just Bounced Off This Support Zone [Quick Updates]

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Hey all, here’s another entry on my tradingview series called 'Quick Updates'.

We see that the price just hit a support zone around 165 sats. The support zone rejected all the bears, and the bulls immediately took over. This gives us a nice and clean 6% opportunity for a scalp trade towards the nearest zone of resistance. I added suggestions for where to place limit orders on the chart.


--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.

Follow me for consistent high quality updates, with clear explanations and charts.
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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


About the links below:
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Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more.

If you want to learn more about how to place your limit orders including entry, stop-loss and take-profit, check out:
A Guide To The Fundamentals Of Support And Resistance Trading


If you want to learn more about the psychology behind trading, check out:
Emotional Guide to Crypto Trading (Why Paper Trading is Useless)



交易开始
Looks like the price is indeed bouncing off the support zone. This will be your last moment to still enter this trade!
快照
注释
It's going faster than I expected. 快照

If you weren't inside already, don't enter the trade anymore. The price is at a mini resistance level, so it can go both sides now.
交易结束:到达目标
快照

What an absolutely perfect trade. Congrats to everyone who participated with me in this one!

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