So after yesterday's red day ADA broke out of the range box and hit its target to the downside, so now we want to see some structure to understand the chart, there is a support zone which I have shown on the chart this would be a nice place to accumulate some ADA
However we can not see any momentum for a up side right now so it's wiser to just wait for opportunities to accumulate in lower prices
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
However we can not see any momentum for a up side right now so it's wiser to just wait for opportunities to accumulate in lower prices
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades