ADA Had a massive run up and is now cooling off and retracing.
We're approaching the 50 Fib and the zone that really saw us skyrocket
and shortly below that is the 61.8 of the entire Daily Swing, which lined up well with the top of the demand zone that started it all.
We're forming a slight descending wedge coming into these areas, and time will tell what happens if we get there.
RRR is unreal.
We're approaching the 50 Fib and the zone that really saw us skyrocket
and shortly below that is the 61.8 of the entire Daily Swing, which lined up well with the top of the demand zone that started it all.
We're forming a slight descending wedge coming into these areas, and time will tell what happens if we get there.
RRR is unreal.
Comment:
Orders picked up but not much buyer momentum showing. If buyers don't come in on the 4H candle following the daily close I'll likely close out.
Trade active:
First TP hit, 50% Contracts closed and profit taken. Stop moved to below HL
Trade closed: stop reached:
Stop moved up as price formed new MS, closed out in profit.
Comment:
Missed the Resistance level, had it charted on Binance but missed it when I converted to Bitmex. Would have been a fantastic spot for TP2