Long
ADA Retracement trade
ADA Just pumped out above significant 4H resistance it's been battling for a few days.
The 50 and 61.8 Line up beautifully with that level, and market structure is Bullish, with a new HH just formed.
I've placed limits on the fibs, expecting that strong resistance to act as support, and hopefully pick up a ripper entry for a massive run up.
The 50 and 61.8 Line up beautifully with that level, and market structure is Bullish, with a new HH just formed.
I've placed limits on the fibs, expecting that strong resistance to act as support, and hopefully pick up a ripper entry for a massive run up.
Trade closed: stop reached
Stopped out before a massive run. Stings a little, only got myself to blame though so a good learning experience.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.