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crypto_emu
Mar 31, 2019 8:21 PM

ADA in need of a rest? Short

Cardano / BitcoinBinance

Description

Cardano's been pumping like crazy for a while now and just broke a trendline so I'm wondering if it might get rejected from ~1750 and retest the cloud / lower trendline. There's also declining volume and a chunky bear div. If I take the trade I will be monitoring it, waiting for confirmation before entry and using a trailing stop as there's a high likelihood that any correction is short-lived. One possibly safer variant on this trade is to buy the dip using a trailing stop long order. Chart is obviously Binance for the price history but I'm looking to trade BITMEX:ADAM19.
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