Stewdamus' Chart Analysis & Trade Alerts

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Matic - Trade Exit

www.stewdam.us

Matic - Trade Exit

#matic #polygon #maticusd #altcoins #bulltrap

stewdamus
Apr 26, 2023
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Matic - Trade Exit

www.stewdam.us

Traders,

As explained in the video I just released, this recent crypto price action up all simple appeared to be a bull trap. I was growing more and more bearish as I did my video and indeed, by the time the video was ended, I felt it was time to capture my meager profits in MATIC for another very small win and get out! As it was the drop happened so fast, I was barely able to do that.

I will NOT be looking to enter back into any trades until BTC does as I have been expecting it to do (retest that neckline at 25.3k - see vid for more), or until we start to capture some new pivot highs. Until then, alts will probably just follow the big dawg (BTC) down.

Best,

Stew

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Crypto Bull Trap?

stewdamus
·
Apr 26
Crypto Bull Trap?

Traders, Be careful with this recent bullishness here. I am still expecting Bitcoin to retest our C&H neckline at $25,200. None of this recent price action has convinced me else wise. Stew

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Matic - Trade Exit

www.stewdam.us
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