๐ Trendlines Work โ $MATIC Showing a Clean Bounce
Trendlines arenโt just for textbook trading โ theyโre incredibly reliable for catching momentum shifts.
๐ On the 1D chart, $M$MATIC bouncing off a rising trendline that has held for the past 3 weeks. This is the third touch โ often the most powerful.
๐ง My Setup:
Draw a diagonal line connecting at least 2 higher lows.
Look for the 3rd touch โ this confirms itโs respected by the market.
Add RSI or MACD confluence.
๐ Trade Idea:
Entry: $0.74 after bullish candle on bounce
Stop-loss: $0.71
Target: $0.80 short-term
โ
Bonus: Trendlines help define risk-reward clearly. No guessing.
๐ Zoom in on the chart โ can you see the respect on the trendline?
Share your favorite trendline success story ๐
#MATIC #trendline #priceaction #Write2Earn
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