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rmugavin
May 27, 2020 8:31 AM

ADA Retracement trade Long

Description

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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