$ADA: WAIT - needs a bounce back to the top first.
What happened: ADA moved between 0.166 and 0.181 for two days, top touched twice. Price now 0.1716, under the middle, while Bitcoin fell to 67.4k and bounces weakly.
Entry: 0.1795, only if price rallies up there and an hourly candle closes back below 0.1795.
Stop loss: 0.1825, 1.7% above entry.
Target 1: 0.1734, gives 1.6 times the risk.
Target 2: 0.166, gives 3.7 times the risk.
Avoid longs, bounces keep failing while Bitcoin drops.
What cancels the idea: an hourly close above 0.1825 kills it. A daily close above 0.185 flips the bias up.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
What happened: ADA moved between 0.166 and 0.181 for two days, top touched twice. Price now 0.1716, under the middle, while Bitcoin fell to 67.4k and bounces weakly.
Entry: 0.1795, only if price rallies up there and an hourly candle closes back below 0.1795.
Stop loss: 0.1825, 1.7% above entry.
Target 1: 0.1734, gives 1.6 times the risk.
Target 2: 0.166, gives 3.7 times the risk.
Avoid longs, bounces keep failing while Bitcoin drops.
What cancels the idea: an hourly close above 0.1825 kills it. A daily close above 0.185 flips the bias up.
#write2earn #trade #tradesetup
Reply with your coin you want analysis on.
