Short / Long position on the ADA forcast
Updated
So it looks like we did fall under the support which has now flip to resistance. I am taking a short position and then I will be taking a long position once we figure out which way we are headed but for now there isn't another support until 1.05 so enter at you're own risk but I am going to sit it out until we have a confirmation that we are indeed heading back up towards the 50 & 61.8 fib levels.
Note
Actually there is a support in the $1.35 area then $1.05 is final support.
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