ADAUSDT has been trading in a downtrend with a wider Bearish Channel. The channel recorded the first breakout in the form of Ascending triangle pattern.
We should prepare to buy the pull back.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE RED: Possible Support LEVEL GREEN: SELL TARGETS
Join our discussion room for more about our trading ideas.
Please share your thougths about it and support my post with your LIKES if you think it's useful.
Thanks
Note: It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Trade active
⋅
ADA made unexpected uturn with price making a fakeout to lure down the buyers then free fall down to return back to the channel.
Price testing the bottom trendline of the downtrend channel and bounce is expected.