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roblorduk
Aug 11, 2018 9:17 PM

ADA Short Idea Short

Cardano / BitcoinBinance

Description

Support turned resistance. Looking to reach previous daily support / resistance levels.

Trade active

Continued down today. Price sitting on the lows on March. Lots of other alts have broken previous lows from 2018.

Comment

First target area hit and breached. Became resistance on retest. Taken some profit here and waiting to move towards final target.

Trade closed: stop reached

Stopped out on swing up on alt relief rally. Too far away to look to re-enter here at the swing high is 7% away. Will keep an eye on it.

Comment

20% move. Cannot complain.
Comments
arjunisme
yup..this was a good one!!
arjunisme
could look for a reentry short at the retest of supply maybe.. interested to see where this ends up bottoming
arjunisme
awesome!! try using the 1 hr or the 4 hr chart next time while publishing ideas.. the big moves after pressing the play button look spectacular :)
roblorduk
@arjunisme, Will do! Given the entry was based on daily support / resistance I shared it on this. But noted for next time.
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