Ada has bounced off the 2500 satoshi support two times. Broke the downtrend line (not in this graph). Volumes are on the increase.
Trade active
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Trade closed: stop reached
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I have been stopped out (sell wall on Binance is to big at the moment), it wants to go lower with the whole market.
Lets wait patiently for a better entry point lower after it reverses with a little more volume. 2350 satoshi is the next fib support so lets see how it behaves there.
For the time being ADA it is still a falling knife and its not that easy to catch a falling knife.
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Correction: 2200 satoshi is the next support according to Fibonacci retracement. 2350 is just my next level on the downside to asses the action.
In the meantime I`m out, reevaluating a better entry point. I will post updates here, you can follow this idea to receive updates (right under the chart).