Platon Trading Academy presents a brief overview of what will be today’s daily trading session about.
Matic continues the “squeeze” within the triangle pattern and the break out of it will be significant. Lets wait for the B-H-G pattern on the support or resistance and take that direction.
We had a bearish breakdown on DOGE and after that we had a engulfing candle forming on the EMA that is a very strong signal for us to go short. We have to keep in mind the high correlation with BTC that is approching the bottom of the range so reversal is very likely. Therefore we move our stop losses to break even as soon as possible.
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Disclaimer: This is not an offer for concluding a contract. Trading cryptocurrencies is a highly risky business and as such you are the only person bearing the risk and responsible for your own decisions. Do not engage in trading unless you do your own research and are fully knowledgeable of the risks.