MATIC in Descending tringle pattern: 1 Day Chart

Hello Everyone;

This time I am sharing my recent analysis on MATIC. i am following MATIC from a long time and also doing intra day trading in it until I was trapped by buyers. Yes, I am still in a short trade with almost -110% ROI. waiting for MATIC to come and test 0.72 area which is a strong support.

But, as you can see in the chart, $BINANCE:MATICUSDT 1D. It is trading in a descending triangle pattern which shows a down trend for MATIC. If this triangle break out in down direction, I have marked my support zone for re entry to get LONG position. Right now I am just holding my wrong trade and waiting.

always use stop loss and safe your fund. last time i was really very optimistic for down trend and BOOMM!!!

have a safe trading.