ADA short reversal
Price getting rejected at daily resistance, 4 days of rejection wicks in a row. 4h forming head and shoulders pattern, bullish structure no longer in tact, lower highs being formed. Price made a 0.618 retracement from highs, broke short term uptrend line and structural level on 15 min chart with high volume impulsive candle. Volume picked up again on next candle, bulls couldnt push price thru resistance.
Stop loss: At high (local high - 15 min chart)
Take profit:
1- At low
2- Fib extension
Stop loss: At high (local high - 15 min chart)
Take profit:
1- At low
2- Fib extension
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