Told you we were watching $ADA, and it just tapped right into our short zone like it knew the plan. Here is the trade.
Entry: 0.1625-0.16348
TP1: 0.15973
TP2: 0.1581
TP3: 0.15647
SL: 0.16703
Price pushed into this zone on weak follow through, sellers stepped back in right where we expected. That rejection wasn't random, this is the same area that has capped price before and it did it again.
Risk is tight here and the downside room is clean all the way to TP3. Structure is bearish under 0.16348 and it stays that way unless SL gets tagged.
You shorting this or waiting to see 0.1625 break first?
watch this space.
$ADA $BTC
Entry: 0.1625-0.16348
TP1: 0.15973
TP2: 0.1581
TP3: 0.15647
SL: 0.16703
Price pushed into this zone on weak follow through, sellers stepped back in right where we expected. That rejection wasn't random, this is the same area that has capped price before and it did it again.
Risk is tight here and the downside room is clean all the way to TP3. Structure is bearish under 0.16348 and it stays that way unless SL gets tagged.
You shorting this or waiting to see 0.1625 break first?
watch this space.
$ADA $BTC