ADABTC is looking good and it wants to get through that strong weekly level. As you can see price tested that red line too many times for the past 4 months.
Simple rule: the more we test it, the weaker it become.
So now that we have a nice green candle, we want price to close above the weekly and we will simply wait for the price to retrace and take a long at the weekly level which is at 535 (conservative approach).
If you are an aggressive trader, you can long now and sell at 600.
Don't miss this one, it's a high probability trade.
If you like my simple way of trading, please comment "I like it" and follow me!
Have a wonderful day traders, And give me some love,
It's a nice set up, Daily rejections, would have to wait for this weeks candle to close above resistance to be confirmed.
DMG_Intelligence
⋅
@livmac7, Yes, that's the conservative approach that I will be taking! Although if you are an aggressive trader you can take this trade because it's showing strength. Look at this hidden bullish divergence