Hello Traders!!
That is my new idea:
ADA is looking bearish at mid term with target 0.78
I will consider to enter a short position in ADAUSDT due to the following reasons:
-Ema 21 is crossing 55 in daily time frame
-Broke 1$ support last week
-Formed a bullish triangle in 4h time frame, it broke the lower triangle(bearish sign).
-Now the price is currently retesting the lower trend line, this points out a great entry point.
Procedure:
Entry now at 0.95
Stop order at 0.972 or 0.985
Targets 0.913 | 0.864 | 0.781
I will be glad to see what do you think in the comments.
Regards.
I express only my opinion, do always your own research before risking your capital.
This is not a financial advice.
That is my new idea:
ADA is looking bearish at mid term with target 0.78
I will consider to enter a short position in ADAUSDT due to the following reasons:
-Ema 21 is crossing 55 in daily time frame
-Broke 1$ support last week
-Formed a bullish triangle in 4h time frame, it broke the lower triangle(bearish sign).
-Now the price is currently retesting the lower trend line, this points out a great entry point.
Procedure:
Entry now at 0.95
Stop order at 0.972 or 0.985
Targets 0.913 | 0.864 | 0.781
I will be glad to see what do you think in the comments.
Regards.
I express only my opinion, do always your own research before risking your capital.
This is not a financial advice.
Trade active:
Take profit 1 reached so far, I'm placing stop loss at entry (0.95) and letting it run till 0.781. Usually recommended to exit half of the position on the next support and adjust stop order for protecting profit.
Trade closed manually:
Closed at entry, it would have been good practice to book some profit 0.88