ADA/USD Short trading with Fib and a tight stop loss
Hi Guys
Just wanting to show you how I will play out my position in ADA. If BTC doesn't do any unsuspected moves I might have a bit of luck playing out this scenario. As you can see on the map I drew some FIB retracement lines and will try to take some profit around the FIB resistance levels. If ADA decides to dive back to its support or deeper I've put a stop loss just in case. I will buy more on its support if that happens. I hold ADA short and long. I think it is a very valuable young asset with a lot of potential growth.
Good luck!
TA über alles.
Just wanting to show you how I will play out my position in ADA. If BTC doesn't do any unsuspected moves I might have a bit of luck playing out this scenario. As you can see on the map I drew some FIB retracement lines and will try to take some profit around the FIB resistance levels. If ADA decides to dive back to its support or deeper I've put a stop loss just in case. I will buy more on its support if that happens. I hold ADA short and long. I think it is a very valuable young asset with a lot of potential growth.
Good luck!
TA über alles.
Comment:
Heads up! We broke the 0.824 trend line. It might be false alarm but stay frosty