Cardano had a failed breakout above the Resistance Zone at $0.62, followed by several failed attempts to break it again. Does this mean we enter a long?
How do we trade this? 🤔
Entering a short right now is reasonable if you accept the low probability nature of reversal trading. The number of failures to break the resistance zone are great signals to enter a...
ADA failed to break down after the triple top failed! The minute that bull bar on November 21st at 19:00 closed near its high, a short position should have been closed for a break even. We're still below the resistance zone. It would have been reasonable to long that bar given the multiple failed attempts to break to the downside.
How do we trade this?
The...
