Hello friends!
We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce.
This scenario should play out within 1-2 days.
Pair: ADA/BTC
Position: Short
Entry: 0.00000489
Target: 0.00000472
Stop Loss: 0.00000497
Please use proper risk management and a stop-loss level according to your personal risk profile.
I'm available on our monetæ Trading Telegram Channel as well as on Twitter - Feel free to join me! The links are in the signature.
cheers,
cryptobuller
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Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce.
This scenario should play out within 1-2 days.
Pair: ADA/BTC
Position: Short
Entry: 0.00000489
Target: 0.00000472
Stop Loss: 0.00000497
Please use proper risk management and a stop-loss level according to your personal risk profile.
I'm available on our monetæ Trading Telegram Channel as well as on Twitter - Feel free to join me! The links are in the signature.
cheers,
cryptobuller
___
Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only
Comment:
accidentally used BITTREX:ADABTC
Trade active
