another look at my previous chart....ALTERNATE CRYPTOVERSE
Ada is bouncing well after the dumpster fire that happened over the weekend....
currently ADA is forming an ascending wedge...(bearish)
i am expecting a rejection at $.857 area...if the ascending wedge doesn't breakdown i think we can expect price to find a bottom in this trend support.....with support being around $.803
if that breaks down you can look for supports in the $.7665 level...
next support at .668
Lets GO!!!! ill be buying at $.58-$.53 or the break of $.857
Remember to always conserve capital....if you don't protect your money you won't be around long...before enter a trade always come up with a trade plan... figure out why you are getting into the position....what would casue you to exit at a lose? how far are you willing to allow drawdown? Where are you taking profits... or where are you putting a trailing stop? and then keep the discipling and stick to the plan...
Don't limit your runners and expose yourself to unlimited gains by not using a stop loss and just putting a sell order...be wise... use a stop loss, buy the bottom(or take a 2.5% loss and try again) and then once you are in profit and cleared network and transaction fees... put a stop loss... and always
Use Best Trading Practices and STICK TO YOUR PLAN
#LFGold
currently ADA is forming an ascending wedge...(bearish)
i am expecting a rejection at $.857 area...if the ascending wedge doesn't breakdown i think we can expect price to find a bottom in this trend support.....with support being around $.803
if that breaks down you can look for supports in the $.7665 level...
next support at .668
Lets GO!!!! ill be buying at $.58-$.53 or the break of $.857
Remember to always conserve capital....if you don't protect your money you won't be around long...before enter a trade always come up with a trade plan... figure out why you are getting into the position....what would casue you to exit at a lose? how far are you willing to allow drawdown? Where are you taking profits... or where are you putting a trailing stop? and then keep the discipling and stick to the plan...
Don't limit your runners and expose yourself to unlimited gains by not using a stop loss and just putting a sell order...be wise... use a stop loss, buy the bottom(or take a 2.5% loss and try again) and then once you are in profit and cleared network and transaction fees... put a stop loss... and always
Use Best Trading Practices and STICK TO YOUR PLAN
#LFGold
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