**Never make a play based on a chart you found on the internet. DYR**
***UPDATE***
Hey, a quick update on ADA. I have made an edit to the chart for newcomers looking for entries. I will keep this idea neutral and show you how I will be playing this scenario.
*Monthly close Tomorrow
Bearish scenario
We are building a short position within the red rectangle . We will be taking profit along the way (green lines) and lowering S/L for profit. We have placed Long bids within the green box labeled ( "DB zone"), and our target will be around $1.90+.
Bullish scenario
If bullish on ADA, consider
accumulating a long position within the green boxes ("Buy"). The target is the blue box ("Bull TP").
We are currently Short on ADA and understand the risk of shorting cryptocurrencies leads to the phrase HONEYITSGONE!
We are currently ranging. Please take a look at our oscillators(blue highlight). We have noticed a potential pattern that resembles the May highs. We are approaching a crucial moment within the following days. We will note that sell volume seems to be picking up, and we are waiting to see a bearish cross on the MACD (Note we are waiting).
We will build a Short position for ADA, take profit along the way and potentially close our position near bull buy or DB zone. We also have placed bids within the DB zone, and if present, we will try to target $1.90-$2.30.
Follow and like if you want this content.
Best wishes,
HONEYITSGONE!
***UPDATE***
Hey, a quick update on ADA. I have made an edit to the chart for newcomers looking for entries. I will keep this idea neutral and show you how I will be playing this scenario.
*Monthly close Tomorrow
Bearish scenario
We are building a short position within the red rectangle . We will be taking profit along the way (green lines) and lowering S/L for profit. We have placed Long bids within the green box labeled ( "DB zone"), and our target will be around $1.90+.
Bullish scenario
If bullish on ADA, consider
accumulating a long position within the green boxes ("Buy"). The target is the blue box ("Bull TP").
We are currently Short on ADA and understand the risk of shorting cryptocurrencies leads to the phrase HONEYITSGONE!
We are currently ranging. Please take a look at our oscillators(blue highlight). We have noticed a potential pattern that resembles the May highs. We are approaching a crucial moment within the following days. We will note that sell volume seems to be picking up, and we are waiting to see a bearish cross on the MACD (Note we are waiting).
We will build a Short position for ADA, take profit along the way and potentially close our position near bull buy or DB zone. We also have placed bids within the DB zone, and if present, we will try to target $1.90-$2.30.
Follow and like if you want this content.
Best wishes,
HONEYITSGONE!
Comment:
I can afford to lose what I am playing with in all my scenarios. My estimated Liquidation price is $7 after all bids fill.
Comment:
Click to see previous idea
