Channel Breakout in ADAUSDT
Updated
ADA broke to top of it's former channel. So now it can go to top of the double channel.
At this moment ADA made a pullback to the resistance it broke. The green rectangle is the buy zone. You can set your stoploss under the shadow of prior candle. the target is inside the red rectangle. Notice that red zone is ADA top price in all time. So there is going to be a lot of selling pressure. You can sell if you are not a long runner. But know, ADA has bigger targets.
At this moment ADA made a pullback to the resistance it broke. The green rectangle is the buy zone. You can set your stoploss under the shadow of prior candle. the target is inside the red rectangle. Notice that red zone is ADA top price in all time. So there is going to be a lot of selling pressure. You can sell if you are not a long runner. But know, ADA has bigger targets.
Trade closed: target reached
Target reached. based on your strategy, You can hold more because it has higher targets.
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