made a nice run in this small alt cycle. It retraced back to 1200 area and that is where I will start scaling in my buys. All depends on btc , a big btc move could drop hard so its always risky in the crypto space. ADABTC is approaching the .786 fib area. An area where a lot of traders will be watching and maybe even start buying in. Therefore I expect a decent in the 1200 range.
So far there isnt anything that really gets me excited but to get in at the best price, we need to take some risk. I would set my lowest trades just above 1200 area and get out of the trade if this area breaks down. Better to lose small than to hold and lose 20-30% of capital on a big downward move.
My target would be the monthly open, around 1700 sats for a nice 38% trade, this could take us some weeks (months?) before the target is reached.