TradeTravelChill

ADA fighting to long but does it have hope..

Short
BINANCE:ADAUSDTPERP   Cardano / TetherUS PERPETUAL FUTURES
*** Stops need to be re-adjusted and R:R reassessed at point of entry. As a guide, I usually count 6-8 candles back from my entry point on the timeframe I’m trading on and place my stop just below the lowest wick within those 8 candles in the case of a short, or above the highest wick of the last 8 candles in the case of the long. If this rule means your R:R to target one is not good, don’t take the trade. ***

ADA
Probable
- Long term rising wedge
- Daily EMA’s turning down, haven’t crossed bearish yet. 12h & 4 hr have crossed bearish
- Because of recent hammer off 0.09869, I’m not interested in shorting until we take that out with a close below and new resistance tested
- 3 short target

Possible
- Im not looking for longs on this unless we break above 0.11065 and will reassess then

Comments

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