Please refer to our previous ADA idea from last month where we made a ~350% profit in the span of the few days!
(Link: tradingview.com/chart/ADABTC/2oXCPLc3-Cardano-ADA-Buy-opportunity-with-another-run-in-sight/)
Now a month has passed! I think ADA is ready for another run!
This is a very safe trade because we can set a tight stoploss, giving us an absurd risk/reward ratio. (I included the risk/reward ratio for our two targets on the right side)
*Stoploss MUST be set for this trade.
*We are still below EMA50 in this 6 hour chart. You can buy the breakout (Blue line), if we can break it with conviction.
Good luck friends!
(Link: tradingview.com/chart/ADABTC/2oXCPLc3-Cardano-ADA-Buy-opportunity-with-another-run-in-sight/)
Now a month has passed! I think ADA is ready for another run!
This is a very safe trade because we can set a tight stoploss, giving us an absurd risk/reward ratio. (I included the risk/reward ratio for our two targets on the right side)
*Stoploss MUST be set for this trade.
*We are still below EMA50 in this 6 hour chart. You can buy the breakout (Blue line), if we can break it with conviction.
Good luck friends!
Note
I analyzed the chart a bit more, I am leaning to the bearish side now. Dramatically reduced position size.
Note
going well so far, I might add on.Trade active
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.