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josip
Feb 11, 2021 6:50 PM

ADA going sharp Long

Cardano / TetherUSBinance

Description

Still strong.

Comment

I'm sorry guys for making an early call, but even I miss the spot sometimes.
I'm still holding.

Trade active

There is a fairly strong support at $0.91 and a massive support at $0.9 to keep ind mind for day traders.

Comment

Unfortunately, the resistance at 0.94 is very high at the moment.

Trade active

New resistance is at 0.95 and it's small.
Big resistance is between 0.975 and 1.

Comment

Resistance at 0.95 will soon break.
Comments
Crypto_Neliz
????
josip
@Crypto_Neliz, I get the info a little before everyone else lol
Crypto_Neliz
@josip, So why are you posting a chart without any explanation or whatsoever?
josip
@Crypto_Neliz, I posted a lot of decent analysis on Cardano. This is for my followers.
Crypto_Neliz
@josip, Ah okay! ;-)
josip
@Crypto_Neliz, Np. I wouldn't gamble this much if I wasn't confident that holding the loss will keep me in game long term.

However, this entry was a miss. It happens from time to time, and that's why I always recommend these deals only if you can afford to hold the position in a certain range of potential loss.
My leveraged liquidation position can lose up until 0.84 on ADA, and I feel confident there even though I entered at 94-95.

In the mean time I try to reposition myself by liquidating small portions when the price spikes and buying the dips. So I can move my profit level from 0.94-0.95 to 0.93-94. If I were more aggressive I could've moved my position all the way to 0.92, but that would require me to waste too much time and I don't find it worth the effort.
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