ADA NICE BREAKOUT opportunity on the horizon.
ADABTCHey Guys.
Cardano is on my radar for some nice profits in the next coming weeks.
Shelley update is coming soon and i`m expecting a nice rally.
Very interresting setup for ADA on the 15 min chart / Line breaks candles sticks.
Beaware, im not using normal candles sticks ( why ?) Because .i find out that line breaks in 15 min timeframe , show me better opportunities for breakouts and an overall look on trends without the noise of big wicks . I dont care about precice price charts candles. I want to see the BIG PICTURE. I tried with smaller timeframe but i find out that 15 min work very well with this strategy and actually gives me good results.
So let analyse this move for ADA
First of all .
Entry point , we have two options.
Risky one and Safer one
Risky: Entry point at 1147 sats
Safer: 1216 sats ( waiting for breakout confirmation )
STOP Loss :
Risky option: 970 ( Bigger risk of loss but smaller chance it hit the stop loss before it go up again and hit our target. ( Do you own homework and determine your own risk management )
Safer option: 1068 ( Smaller loss if it go south but bigger change it hit your stop loss and then go back and you know the story)
Taking profit along the uptrend:
TP1- 1476 ( 19.77 % gain ) ( This is the safest take profit and the most likely to hit target ) if you are not looking to hit a big HOMERUN , i always take profit at my fib 2 level. This level is equal to the amplitude of the latest retracement . Meaning the last retracement was 15% correction before his support and bounce back)
TP2- 1738 (39,88%) PATIENT is the key word
TP3_ 2001 (59,95%) MOONnnnn is coming :D
*Always do you own homework.This is not financial advice.Im not recommanding any purchase or selling strategy.This is my own personnal opinion. This kind of investment is risky and you are responsible for you final output*
Thank you again and hit following :D
Jsl
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