Looks like ADA is trying to break below 1.19. Short on strength strategy should be adopted.
Trade Plan: If it gives a daily closing below 1.19, short it for the target price of $1.04-0.94. That is a major support.
Stoploss:4h closing above 1.25.
Trade Plan: If it gives a daily closing below 1.19, short it for the target price of $1.04-0.94. That is a major support.
Stoploss:4h closing above 1.25.
Note
New stoploss: 4h closing above 1.21Note
Always trail your stopsNote
New chart!Note
Testing support as resistance. Will wait for 2 candles on the 4hourly chart to close above 1.21 as my stoploss. I am still expecting a dump. At least in ADA. Trade closed: stop reached
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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.