On the above 2-day chart price action has broken market structure after a 21000% rally in the past 12 months. The trend is your friend, until the end. The end is here. So why so bearish?

1) On the 2-day chart above price action breaks market structure. Don’t ignore that, especially after a 21000% rally.

2) A ‘incredible sell’ signal prints on the 10-day chart (below) with Multiple oscillators printing bearish divergence.

3) The weekly MATIC / BTC chart below prints a ‘double top’ as RSI prints a lower high.

4) Almost 96/100 ideas on tradingview are bullish!!!

Why 5 cents? It is the first support level on the monthly chart (below), which also happens to be the golden ratio.

A sell from $1.90 is amazing if you can get it.

Good luck!

WW

Weekly MATIC / BTC chart – double top

Monthly chart showing support

PS: This idea is going to rub some folks up the wrong way, I get it. Before becoming one of them read the ideas on the other big market cap shorts recently published, no one wants to hear it and I don’t want you to lose all those nice profits.

Short ADA @ $2.34 September

Short Ethereum @ $4.5k

Short THETA @ $5 December