Explain to me about Matic Ups these days

Etranger

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Quote from: Cryptomechanic on November 28, 2021, 04:36:06 AM

Quote from: Etranger on November 24, 2021, 11:24:56 AM

If we look at the day chart, we can see, that the price broke the resistance level, which was on 1.8 (the line of falling tops of a downtrend). After that, there was a small expected pullback, after which, I think, there will again be a test of the resistance line. If the price breaks through it again, a significant increase is expected. 1.66 - 1.73 can be considered as a good entry spot.

Im going to buy some today is it worth it or i need to wait more.

I believe, that after a slight pullback in recent days, the support level formed at 1.5, and the resistance line at 1.7. It is necessary to break through the resistance line for further growth and possible establishment of new ATH. Fundamental indicators show this likelihood. For example, MATIC achieved new exchange listings and partnerships (Spanish exchange Bit2Me announced its listing on the platform) and also focused on NFT. With all this in mind, I would wait for the breakout of the resistance line in order to be convinced of a new bullish wave and buy at the breakthrough point.

Cryptomechanic

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Quote from: tippytoes on November 24, 2021, 03:32:24 PM

Quote from: Ararbermas on November 24, 2021, 03:25:23 PM

Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

if you wanted to predict the real potential of the coin i suggest to check the highest time frame first such daily and try to check as well the 4H, 1H, 30M up to the lowest time frame so that you can obtain some sort of information or for you to see a good structure that can tell you what's the potential or real direction of the growth rate. It's the most important steps for intradays fyi mate. So better do that way very often to don't miss some of the opportunities to gain more profits and to prevent losses of course..

I think it is also good to check the actual progress of the project itself. How are they doing in terms of their objectives? How many projects are about to use this network? How is it compared to competitors like ETH, BSC, ADA, DOT, SOL, AVAX and others? Because the trading performance will be significantly influenced by how they progress with their target objectives. So it is important to learn those developments via their social media channels. You can get insights on where they are heading with the updates published on their socmeds.

Thanks to both of you i will try to get better for future!

Cryptomechanic

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Quote from: GreatArkansas on November 24, 2021, 06:52:40 PM

Matic is already a stable coin for these past few months. As I remember back last quarter, I started to play around on the Matic network since before it was the only first famous layer 2 chain on top of Ethereum, I play around on some DeFi farming there. And I own some Matic or earn some Matic there.

Speaking, it's good for me, even there is no up as long as no huge dumps are coming, sideways are better especially for accumulating. These level could be an accumulation area.

Thanks for the good explanation.

Cryptomechanic

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Quote from: JeromeTash on November 24, 2021, 04:56:51 PM

Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

It depends on the strategy you are using. Are you day trading or long term? Are you scalp trading?

You may think it was an early exit, but at the end of the day it's still profit. Isn't it?
Learn to be satisfied with the profits you take but with this you need to have a clear outline of your take profit, Risk Ratio and Risk management strategy.

I was trying day trading i think or week trading, i have benefited from flips like this before.

Cryptomechanic

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Quote from: rhomelmabini on November 25, 2021, 08:19:15 AM

Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

That's just some newbie thing I guess, being worried about sudden change in price even for just a slight. It just doesn't make some sense if you know it will pump and suddenly you haven't hold it. You should have an exit strategy and not just you feel you should have then you'll let go, avoid this kind of mistakes especially in trading, trading behaviors has significant impact on how you trade.

What exit strategy you mean, explain it to me so I dont do this mistake again.

Cryptomechanic

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Quote from: Etranger on November 24, 2021, 11:24:56 AM

If we look at the day chart, we can see, that the price broke the resistance level, which was on 1.8 (the line of falling tops of a downtrend). After that, there was a small expected pullback, after which, I think, there will again be a test of the resistance line. If the price breaks through it again, a significant increase is expected. 1.66 - 1.73 can be considered as a good entry spot.

Im going to buy some today is it worth it or i need to wait more.

rhomelmabini

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

That's just some newbie thing I guess, being worried about sudden change in price even for just a slight. It just doesn't make some sense if you know it will pump and suddenly you haven't hold it. You should have an exit strategy and not just you feel you should have then you'll let go, avoid this kind of mistakes especially in trading, trading behaviors has significant impact on how you trade.

michellee

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

I do not think we know accurately how high Matic will increase. The only thing you can do is just set your target price and wait for a while. Let the pump still go on for Matic and if the pump is not reached your target price, you do not have to do anything.

You can buy back Matic if you want but you should wait for the next correction after the pump. Maybe Matic can break $5-$10 but we do not know how long that will happen. You can buy and hold it if you do not want to see the price go up and down.

pooya87

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Quote from: adaseb on November 24, 2021, 10:31:09 PM

Nothing wrong with the coin. Just there is more hype with other projects that are getting more attention. Same reason why Bitcoin is struggling while other alts are going up.

All the major altcoins got dumped harder than bitcoin did, just like they always do whenever bitcoin price has a small drop. Meanwhile (again like always) there are a handful of shitcoins that are being selected every day to be pumped hard which can take from half a day to a week or two. Obviously they are all follow that pump with a dump after they run out of steam and the pumpers select another batch of shitcoins to pump. Those chosen shitcoins to pump can be among the major altcoins too.

adaseb

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I think we might see $3 sometime in the next few weeks. The absolute top is maybe $5 or so. This coin doesn’t pump like it used to in the past. It’s still a great play however there are bigger money makers at the moment like SaNd or MANa which are showing crazy profits.

Nothing wrong with the coin. Just there is more hype with other projects that are getting more attention. Same reason why Bitcoin is struggling while other alts are going up.

harizen

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

No way, mate. You just have to keep up the phase.

If you are decided whether to hold, buy more, or exit, don't hesitate. As long as your decision, give you good results, then all is well. You can always come back again to the party after selling.

Matic is one of the promising projects even before. Expect that a pump will happen more often.

GreatArkansas

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Matic is already a stable coin for these past few months. As I remember back last quarter, I started to play around on the Matic network since before it was the only first famous layer 2 chain on top of Ethereum, I play around on some DeFi farming there. And I own some Matic or earn some Matic there.

Speaking, it's good for me, even there is no up as long as no huge dumps are coming, sideways are better especially for accumulating. These level could be an accumulation area.

batang_bitcoin

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

You said that you knew it that it shall pump yet you ask how to predict.
Prediction is easy but giving an analysis differd from doing so. And if that is what you want to know, it is basically that you need to study and learn how to analyze not only matic but every coin that you want to know.
Start learning how to read chart with technical analysis.

JeromeTash

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

It depends on the strategy you are using. Are you day trading or long term? Are you scalp trading?

You may think it was an early exit, but at the end of the day it's still profit. Isn't it?
Learn to be satisfied with the profits you take but with this you need to have a clear outline of your take profit, Risk Ratio and Risk management strategy.

tippytoes

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Quote from: Ararbermas on November 24, 2021, 03:25:23 PM

Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

if you wanted to predict the real potential of the coin i suggest to check the highest time frame first such daily and try to check as well the 4H, 1H, 30M up to the lowest time frame so that you can obtain some sort of information or for you to see a good structure that can tell you what's the potential or real direction of the growth rate. It's the most important steps for intradays fyi mate. So better do that way very often to don't miss some of the opportunities to gain more profits and to prevent losses of course..

I think it is also good to check the actual progress of the project itself. How are they doing in terms of their objectives? How many projects are about to use this network? How is it compared to competitors like ETH, BSC, ADA, DOT, SOL, AVAX and others? Because the trading performance will be significantly influenced by how they progress with their target objectives. So it is important to learn those developments via their social media channels. You can get insights on where they are heading with the updates published on their socmeds.

Ararbermas

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

if you wanted to predict the real potential of the coin i suggest to check the highest time frame first such daily and try to check as well the 4H, 1H, 30M up to the lowest time frame so that you can obtain some sort of information or for you to see a good structure that can tell you what's the potential or real direction of the growth rate. It's the most important steps for intradays fyi mate. So better do that way very often to don't miss some of the opportunities to gain more profits and to prevent losses of course..

Sterbens

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Quote from: Cryptomechanic on November 24, 2021, 11:12:57 AM

I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

First of all, what is the reason for you to leave early before seeing a significant increase in the movement of the Matic? movement is not completely predictable will rise or not. Especially with the number of coins corrected, I think everyone will think for CL first. So the problem is back to the long or short term trades that you take? because the choice affects your own grip. If you intend to do it for the short term, then at least you get out early and make a profit. On the other hand, if you are planning a short-term trade, but in fact relinquishing ownership so early only ends in uncertainty.

Talking about the potential that Matic has, it's actually quite good, especially today investors or traders are looking for a low-cost network, and these alternatives are offered by Matic and Solana. You may be in too much of a hurry.

Etranger

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If we look at the day chart, we can see, that the price broke the resistance level, which was on 1.8 (the line of falling tops of a downtrend). After that, there was a small expected pullback, after which, I think, there will again be a test of the resistance line. If the price breaks through it again, a significant increase is expected. 1.66 - 1.73 can be considered as a good entry spot.

Cryptomechanic

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Activity: 37

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I want to know how to predict Matic to this date. I knew that its going to pump high today but I exit too soon.

Topic: Explain to me about Matic Ups these days (Read 132 times)