ADA | Trade Update | TP 1 Hit (1min read)What’s good Chambs 👑
Fresh analysis for CRYPTOCAP:ADA — if you’ve been riding with me, you already know. But here are some updated short-term thoughts:
On the local price action, we just activated another bullish structure emerging from the daily structure — which is great, and exactly what we want to see in trend reversal zones: confirmation from the lower timeframes.
I scaled up my position at the first B–C correction level, and my current stop-loss is now just below the B-point of the current yellow structure.
My next take-profit is set at the previous high around $0.9344, and the final TP is in the orange target zone.
SL has been at break-even for a while now, so downside is protected.
Because of my heavy long exposure, I’m currently looking into short hedge trades to manage risk.
If you want to see my ideas on that, let me know.
The roadmap for CRYPTOCAP:ADA should be clear now — next stop: $1.00+
If you have questions or want updates on other trades, drop me a message! 🚀
