ADA CARDANO- the Definition of a Buy Stop order
A Buy-Stop order is when you place an order to buy at a higher price (over a resistance).
As we had stated on our last ADA CARDANO post, the 1,398$ mark is a hug resistance and it remains as such. Take a look, we were right again
In simple words: it might not make too much sense to a beginenr but in many occasions (this one being a great example, the definition) we prefer to buy at a higher price, over the resistance, when we are re-assured that the price is poised for a bigger price tag.
Buy Stop orders over this resistance at 1,398
Cardano remains our favorite.
the FXPROFESSOR
As we had stated on our last ADA CARDANO post, the 1,398$ mark is a hug resistance and it remains as such. Take a look, we were right again
In simple words: it might not make too much sense to a beginenr but in many occasions (this one being a great example, the definition) we prefer to buy at a higher price, over the resistance, when we are re-assured that the price is poised for a bigger price tag.
Buy Stop orders over this resistance at 1,398
Cardano remains our favorite.
the FXPROFESSOR
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