Looking for a short term trade here but considering a squeeze play soon as well.
The recent retracement on BTC has seen a few alt coins drop back to trend at good buy points to continue the trend.
Taking a position on Matic now as it offers a descent risk to reward even to previous resistance, and trending a break in trend as invalidation to get out of the trade.
Will consider partial take profit at resistance but looking to hold a position incase we have a squeeze and break the resistance for a much higher RR
The recent retracement on BTC has seen a few alt coins drop back to trend at good buy points to continue the trend.
Taking a position on Matic now as it offers a descent risk to reward even to previous resistance, and trending a break in trend as invalidation to get out of the trade.
Will consider partial take profit at resistance but looking to hold a position incase we have a squeeze and break the resistance for a much higher RR
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