another look at my previous chart....ALTERNATE CRYPTOVERSE
Ada is bouncing well after the dumpster fire that happened over the weekend....
currently ADA is forming an ascending wedge...(bearish)
i am expecting a rejection at $.857 area...if the ascending wedge doesn't breakdown i think we can expect price to find a bottom in this trend support.....with support being around $.803
if that breaks down you can look for supports in the $.7665 level...
next support at .668
Lets GO!!!! ill be buying at $.58-$.53 or the break of $.857
Remember to always conserve capital....if you don't protect your money you won't be around long...before enter a trade always come up with a trade plan... figure out why you are getting into the position....what would casue you to exit at a lose? how far are you willing to allow drawdown? Where are you taking profits... or where are you putting a trailing stop? and then keep the discipling and stick to the plan...
Don't limit your runners and expose yourself to unlimited gains by not using a stop loss and just putting a sell order...be wise... use a stop loss, buy the bottom(or take a 2.5% loss and try again) and then once you are in profit and cleared network and transaction fees... put a stop loss... and always
Use Best Trading Practices and STICK TO YOUR PLAN
#LFGold
currently ADA is forming an ascending wedge...(bearish)
i am expecting a rejection at $.857 area...if the ascending wedge doesn't breakdown i think we can expect price to find a bottom in this trend support.....with support being around $.803
if that breaks down you can look for supports in the $.7665 level...
next support at .668
Lets GO!!!! ill be buying at $.58-$.53 or the break of $.857
Remember to always conserve capital....if you don't protect your money you won't be around long...before enter a trade always come up with a trade plan... figure out why you are getting into the position....what would casue you to exit at a lose? how far are you willing to allow drawdown? Where are you taking profits... or where are you putting a trailing stop? and then keep the discipling and stick to the plan...
Don't limit your runners and expose yourself to unlimited gains by not using a stop loss and just putting a sell order...be wise... use a stop loss, buy the bottom(or take a 2.5% loss and try again) and then once you are in profit and cleared network and transaction fees... put a stop loss... and always
Use Best Trading Practices and STICK TO YOUR PLAN
#LFGold
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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.