Back again to Cardano/ADA and this time I have waited for 2 shy green candles before publishing. ADA hit a previous history pivot and is very shy atm. I will not buying here, if it continues more 3 or 4 bars with green candles or have some sudden volume increase I am going in with risk management and a moving trailing stop loss! So far that's it, just monitoring.
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Cardano made a new low followed by some push, it is still shy and moving average is approaching with history showing it always cross the MA and them setup a trap and revert. This info can be used together with risk management to enter market with a stop loss on previous low them a moving trailing stop will protect your gains while taking advantage of any full reversal:
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This is the chart with strategy:
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ADA didn't make another new lower for first time, so with a short stop loss below the previous low we can take a high risk reward ratio to try something here:
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ADA is still shy running bullish with that feeling that it is still bearish so just keep moving your stop loss as it goes long so you have a guarantee of profit even if reverts completely, this way you keep profiting without the need to know the future:
Trade closed: stop reached:
Got out by trailing stop loss, minor profit.
