ADA another -35%? ðą
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This looks ugly. Cardano broke down this triangleð and I think there is chance for run to 0.2650 (meaning -35% drop from current price) and even lower. I'm already short from 0.4638 (see the idea below)...
...but setting SELL LIMIT order to previous range low to add another short position on the potential pullback.
Check my other stuff in related ideas.
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â ïļDisclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
This looks ugly. Cardano broke down this triangleð and I think there is chance for run to 0.2650 (meaning -35% drop from current price) and even lower. I'm already short from 0.4638 (see the idea below)...
- ENTRY: local low @ 0.4313
- STOPLOSS (SL): local high @ 0.4825
- TARGET (TP): height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 0.2650
- REWARD RISK RATIO (RRR): 3.25
- INVALIDATION: when SL level hit
Check my other stuff in related ideas.
Please boostð, commentðĢïļ, follow meâïļ, enjoyðš!
â ïļDisclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
SELL LIMIT Order filled âïļ
āļāļīāļāļāļēāļĢāđāļāļĢāļ: āļāļķāļāđāļāđāļēāļŦāļĄāļēāļĒāļāļēāļĢāļāļģāļāļģāđāļĢ:
Here we go, Target hit! ðŊ Took it's time but the trade had almost no drawdown and it was 99% of the time in profit. Perfect!
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Check the follow up idea here:
