Came across this setup on ADA and figured it would be interesting for you guys to see this.
ADA is currently trading rangebound, and not within some kind of TA pattern. ADA recently plotted a lower high (failed to gain a level) which is usually accompanied by a lower low before retesting. The green zone is my intended buy zone for spot and leverage, with my spot SL below the red line.
Targets is marked in orange and is based upon daily and weekly levels in combination with a (hidden) fib extension from the bottom. This is a fairly low risk trade with your SL being about 5% below the entry zone. As always I will keep updating the chart in case the sentiment change, so please be sure to leave a like to get updates.
Entry zone: 1040 to 1000sats.
Target 1: 1359sats
Target 2: 1499sats
Target 3: 1881sats
Sharing more targets if we get to that point.
See you later alligator!
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If it breaks, I'm expecting 1360sats to be the next target for ADA. Take care