Looks like my instincts were right on the money with ADA! I've been keeping a close eye on this one, and it's been in a downward channel since May 22nd. Currently, it's trading near the resistance zone and showing some clear bearish reversal signals on the daily chart - a inverted hammer, baby! I'm putting my faith (and 3% of my trading capital) on the line and shorting from 0.4 to 0.43. Ready to make some moves? Here's my setup for a swing:
📍 Entry: 0.4xx -0.43x
📍 Stop Loss: 0.46xx
📍 Take Profit: 0.2xx
Always trade at your own risk and never risk more than you can afford to lose.
📍 Entry: 0.4xx -0.43x
📍 Stop Loss: 0.46xx
📍 Take Profit: 0.2xx
Always trade at your own risk and never risk more than you can afford to lose.
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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.
Related publications
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.