ADAUSDT is currently consolidating in a triangle pattern, it could go up or down so we have to trade by looking the price moment if it breaks upside or downside we have to wait for the retest and take the trade in the direction of the price. But if you look at 1.995 there is a good demand zone the price could bounce back from there and give you target upto the EMA 200, making a good 1:2 intraday trade.
bro there is a triple top pattern , after that it pumped. i think i can go down. becz of btc rejection to 62k
Rehan_sharif
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@adityapratap13635, BTC is currently taking support from 200 EMA, it previously had a 200 EMA breakdown but could not sustain and it went up. Right now there is a uptrend we should go with the trend but you could have a short intraday trade with 1:1 or 1:2 risk reward ratio .
@Ahmadferoz, If you bought it at 2.11 you have held your losses for too long. As you have asked I suggest you exit the trade if the price gives a strong close in below 1.960 (15 min time-frame). It is just a suggestion you can handle the trade according to your risk appetite.