Bullish On ADA
Price is currently at support, no surprise; everything is. The consensus, for the market as a whole, is bearish. And that is when I like to Buy. We have major wick rejection on the 4h at around the .78 region, with on the contrary just as much wick rejection at the resistance level from around the .82 region. Therefore that is our range. For the short-term play.
Dating back to 22 Feb 2022 we were in the same place we are now regarding price and we managed to push all the way up to 1.20.
However, with the 1 dollar region acting as a major level of support and now current resistance. My TP 1 will be 0.991 which will test our last major area of resistance.
As they say, buy low; sell high.
This is all my own opinion of how the market will react.
To all my fellow traders, Good Luck and Manage your RISK!!!!
Dating back to 22 Feb 2022 we were in the same place we are now regarding price and we managed to push all the way up to 1.20.
However, with the 1 dollar region acting as a major level of support and now current resistance. My TP 1 will be 0.991 which will test our last major area of resistance.
As they say, buy low; sell high.
This is all my own opinion of how the market will react.
To all my fellow traders, Good Luck and Manage your RISK!!!!
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