ADA Long

ADA currently testing a daily supply level after a huge, 50% bullish push.

The push has had little to no retracement, showing bearish Divergence. Good chance it'll cool off from here.



The 3800 area provides a great spot to enter a long, as it's a likely spot for the bounce to come from.

50 fib. Daily EQ, 2 x 4H demand zones, and a strong 4H level all lie here.

Depending on how long it takes to get down, the weekly uptrend may be meeting them at the same time price does.

R:R is PHAT at 5:1.

I don't trade alts a whole lot, BTC is my specialty, so just 0.5R for me.