Straight out the gate, priority is LONG there. The price has just broken through the triangle and at the moment when I write this text #ADA trades above one. We have a very strong resistance, it is located at 0.00001135. Above this level located a bunch of SHORTers stop losses, looks juicy. In case the price break through this level and takes hold above one - we...
This is our full trade for Cardano (ADAM19) on BitMEX.
Let's remember some of the basics:
Leverage trading is super high-risk and intended only for experienced/advanced traders. Beginners need to trade on Binance, Bittrex, Poloniex and other none leveraged platforms.
This is not financial advice. All information shared here is for educational purposes only.
Above I have drawn everything in chart.
I think Ada is bearish. Chances are it will break downwards.
But, anything can happen.
So use stop Loss if breakout and go long!
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There I am running a 0.1 BTC to 0.5 BTC challenge.
We are getting ready for Cardano on BitMEX (ADAM19), which is approaching our buy zone (yellow on the chart).
There isn't much to do here actually other than wait for the price to continue retracing, once our buy zone (support) is hit/found, we prepare to trade.
All the details on the chart.
We shared some general guidelines and very important tips...
ADA Long BITMEX 5x Leverage
I'm feeling a nice pullback to the entry point (0.00001155) then this will be running a continuation of trend-cycle
Looking to hit the TP Markers 0.000001209 & 0.00001240
Stop @ 0.00001135 (Risking 9.1%)
Looking for 22.45% & 35.85% Respectively
i will be moving the stop loss to 0.00001170 when hit the 0.00001180 in the live...