MATIC 1H - Bear Trend Continuation

Analysis:
MATICUSD-1H is currently in a bearish trend. If the price breaks below 1.3151 which is previous lower low level, it will be a sign of bear trend continuation. In this case we can enter in a short trade. For this trade the stop loss will be at 1.3887 which is the previous higher high level.

------ Trade ------
Chart: MATICUSD-1H
Type: Short
Entry: 1.3151
Stop Loss: 1.3887
TP1: 1.2415
TP2: 1.1679