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ADAUSD H16 150% gains BEST LEVEL TO BUY(SL/TP)(UPDATE) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as LONG because this is a BULLISH setup. However, READ ENTIRE idea before BUYING. we buy from 0.65 USD NOT at market.
🔸 Summary and potential trade setup ::: ADAUSDT 16hours/candle chart review ::: updated/revised outlook ::: pullback in progress currently ::: BULLS sit it out / wait for reload BELOW ::: BULLS defended 1.00 USD multiple times ::: S/R is WEAK now / tested too many time ::: expecting BREAKDOWN of WEAK S/R ::: BULLS focus on buying low near 0.65 USD ::: GBTC unlock event will likely cause ::: more losses in CRYPTO MARKET ::: recommended strategy: WAIT for a BETTER PRICE ::: BEST RELOAD BULLS: 60/65 cents below ::: this is BUY/HOLD setup ::: patient traders only ::: no valid setups for BEARS in here though ::: speculative setup / use tight SL ::: do your own due dill as well ::: and use proper risk management ::: TP bulls is +150% gains ::: details: see chart ::: FINAL TP +150% ::: recommended strategy: BUY/HOLD ::: SWING TRADE: BUY/HOLD IT ::: good luck traders! ::: BUY/HOLD and get paid. period. ::: BEARS short from overhead later 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BULLS ::: Sentiment short-term: BEARS/correction
RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Excellent chart and analysis! I'm seeing similar from my end with a bounce around $0.85 on the way down! Thank you!!!
AFKBanana
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Why do you believe this is a bull trap?
RickyLe03466666
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@AFKBanana, bull trap bull trap Cardies in a bulltrap
bigtradessean
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And what IF ADA doesn't go to 0.65 or 1.00? What if it goes up? Any consideration there?
You know the cost per token is at 1.21 ATM?@ProjectSyndiccate
Matthewsan
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@bigtradessean if you’re investing just buy man, and keep buying. We’re at discounted prices across the board, just buy everything you can afford. The lower anything goes buy more. Keep going & going. Then when the markets correction is over, keep buying on the way up. Good luck