Today we want to give you a short-time trade idea.
This time we noticed big sell-off on Cardano on Bitmex which is named there as ADAZ18.
So here are details:
• On the indicator, we can see the price has broken the fair price (red line).
• Visible Area – we marked the period of time starting from the end of October. Value Area is spread between 1285 and 1171 st . We have still
room to grow.
• All EMAs were broken up (9, 21, 50, 100)
• Last peak on 1235 st broken. We go north.
• Weis Waves – there is almost no is growing
• – trend reversal – we go north.
REMEMBER TO BUY LONG CONTRACTS.
Stop-loss – so guys it all depends on your risk tolerance.
If you don’t you are risk reluctant set your stop-loss at 1235-1237st.
So that’s it.
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