You are viewing a single comment's thread from:RE: LeoThread 2023-07-10 19:29View the full contextforexbrokr (74)in LeoFinance • 2 years ago Good to see some more trading chat on Threads today! Here's @thelogicalldude's daily $MATIC chart: #cryptolive 1/🧵
You gonna join the SanR Trading League?
House always wins mate.
#teambroker 😂
Read his more detailed $MATIC analysis at this post:
https://leofinance.io/@thelogicaldude/matic-is-making-moves-break-out-or-fake-out
#cryptolive
2/🧵
Basically got a falling wedge that has broken out to the upside.
For me, I hate wedges like this because they're so subjective.
You can draw the trend lines a ton of different ways, that make the breakout point vary.
#cryptolive
3/🧵
What if the majority of the market is watching a slightly different wedge to yours and it's actually still capped by resistance?
Anyway, something to think about 🤔.
#cryptolive
4/🧵
I give both sides of the argument in the post. They are subjective, but I can say that they are one of my favorite patterns to trade, they are at least good for a quick grab. I mean I am not complaining with my 8% on the trade...
This is also why there are also other pieces to the puzzle like supply and demand zones and volume to confirm the trade.