rmugavin
Long

ADA Retracement trade

BITMEX:ADAM20   None
30 views
2
ADA Just pumped out above significant 4H resistance it's been battling for a few days.

The 50 and 61.8 Line up beautifully with that level, and market structure is Bullish , with a new HH just formed.

I've placed limits on the fibs, expecting that strong resistance to act as support, and hopefully pick up a ripper entry for a massive run up.
Trade closed: stop reached: Stopped out before a massive run. Stings a little, only got myself to blame though so a good learning experience.

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