Potential 23R opportunity coming up on ADA.
If the price moves down as shown there will be a meeting of two significant trendlines coinciding with major support (demand zone).
Whether it heads down there as shown - I don’t know - not here to make predictions.
But if it does it fits the rules of my trading system for a high probability setup…
‘If this happens, do that’
Trade probability rating: 8/10
Risk to reward: 8/10
Overall rating: 8/10
If the price moves down as shown there will be a meeting of two significant trendlines coinciding with major support (demand zone).
Whether it heads down there as shown - I don’t know - not here to make predictions.
But if it does it fits the rules of my trading system for a high probability setup…
‘If this happens, do that’
Trade probability rating: 8/10
Risk to reward: 8/10
Overall rating: 8/10
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.