Matic 1D Growth can be very painful to end

18 мая 2021 г.

Our previous idea for MATICUSDT was towards the target of $1

But literally within a week the MATICUSD price made another x2 and is already trading above $2

We do not trade this instrument now, because there are a lot of unknown and manipulative components:
1) Parabolic growth has already turned into an unnatural vertical and can easily end in the widest zone of $2.35-4.20, if the manipular deem necessary, but not the market ...
2) The Matic price will fall faster than it grows, and below $1.70, the fall will receive hyper-acceleration (stops and liquidation of margin positions will help) until the MATIC price reaches $0.30-0.40
3) If there are at least some trading volumes in the MATICUSDT pair, then there are no trading volumes in the MATICBTC pair, and look on such increase on weekly candles

That is, "they" do not sell MATIC to BTC yet, but when they start selling it, you have to be prepared that the price can squeeze to 700-900 sat. or even 500sat. from the current 5000 ....

In such situations, we prefer to place "buckets" for buying very low, rather than taking longs on highs.
How do you trade - the choice is yours!
But in the comments write what you think about the situation with MATIC
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