ADA is developing a clear ascending wedge pattern making higher highs while the RSI is making lower highs. I will take my chances here with a small amount and add up on the break of the base of the wedge
entry: small amount at current price
SL: $0.421
add up: on the break of the wedge
(will reenter if fakes out to the upside and comes back immediately)
invalidation: BTC breaking above $26.500
final TP: $0.3251
R:R 1:5
entry: small amount at current price
SL: $0.421
add up: on the break of the wedge
(will reenter if fakes out to the upside and comes back immediately)
invalidation: BTC breaking above $26.500
final TP: $0.3251
R:R 1:5
Comment:
adding up
Comment:
move stop loss to entry for a free ride, remember to take partial profits along the way, i'm taking half here.
Trade closed: stop reached:
profit is good, don't get caught in greed. closed with half position in good profits and the other half at break even.