[Crypto] - Cardano (ADA) - Short

Sep 12

Perfect Entry for a Short Position at this Level. (0.9040)

I'm expecting a larger drop of BTC within the next days, ultimate goal there round about 106000,-
As Alts are moving most of the time in the same direction, sometimes with even more power, I looked for the best one to short and came to ADA.

It is currently at a great level for a reversal.

Targets:

T1: 0,8650
T2: 0,8470
T3: 0,7700

Target 3 would be my ultimate goal if BTC drops to my expected 106000 level.

Have fun, no trading advise as always and if there are questions, feel free to drop me a comment.

Sep 12

Trade active

Let's go. Entry 0.9040

Sep 12

Note

Best discount price for a short, added a bunch more at 0.9150

Sep 15

Note

Alright, it was a typical up - and down weekend with fake moves due to low volume. It was a great opportunity to get great short positions and I opened more shorts at

0,915
0,925
0,935
0,945

My trade idea remains active and we are heading now to T1. There I will close 30% of my positions, - due to the fact that I'm still very convinced that this will go way lower.

Good luck in the new week!

Sep 15

Note

And one more note:

It's not necessary in Trading to get the "perfect entry" - Getting something at the very Top or Bottom is nothing you should aim for. You should be able to be flexible to increase your position and should focus on you middle-term goals, in short term, things can always move a bit against you - That's why you need to be very confident when doing such Trades.

Sep 15

Note

Aaaand there we go - Target 1 reached.

Sep 22

Trade closed: target reached

Target 2 - reached. Closing the Trade now - that was an awesome opportunity <3

Sep 22

Note

Target 3 also close. As expected, Bitcoin now sharply corrects, I expect around 106000. Long-Term, this area will be a good buy area.
Do not short at these levels now, you may be burned due to really fast moves. The chance was there, all the time round about 0.90, congratz who followed!

Sep 25

Note

All three Targets successfully reached :-)