ADA/USDT Long Trade Plan: Leveraging Dow Theory and Fibonacci Re
The trade plan for ADA/USDT leverages Dow Theory and Fibonacci retracement principles, aiming to enter at the 0.382 retracement level (1.0593) within a confirmed uptrend. The stop loss is placed below the last lower low at 0.8783 to minimize risk in case of a trend reversal. The take profit target is calculated at 1.2403, offering a 1:1 reward-to-risk ratio. This setup aligns with the market's higher highs and higher lows structure, ensuring an entry at a key support level while maintaining strict risk management and a favorable trade outlook.
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.