CARDANO -ADATBC - A LONG AMIDST A TON OF SHORTS
Updated
Hello guys, as I said in other publications, the situation is not so great in the short term for cryptos (happy to be mistaken). All altcoin are in stand-by, waiting for a signal from BTC to which direction they should go, and they are pretty much in the same situation: locked into a channel between a local minimum and a medium term resistance (look at NEO, ZEC, ETH, LTC). Very difficult to trade and pick a direction (I do not like to trade ranges in altcoins are they are too unpredictable)
BUT, in the middle of this, ADA is exactly lying on the Long Term Support vs BTC. This is a good opportunity to enter LONG. Low risk, potentially high reward. It is still a little bit expensive so I will set an alert for 41 satoshi
BUT, in the middle of this, ADA is exactly lying on the Long Term Support vs BTC. This is a good opportunity to enter LONG. Low risk, potentially high reward. It is still a little bit expensive so I will set an alert for 41 satoshi
Trade active
ADABTC pair was showing strenght and did not seem to go down as it was positive compared to BTC even if BTC was losing 3%. I anticipated the entry at 45 sats also on the overnight tnews that the team came up with a Ourobouros update they have been working on for 5years.SL 39 sats
T1 50 sats (10% profit)
T2 54 sats (20% profit)
T3 69 sats (55% profit)
Trade closed manually
Closed at T1 as the price is taking to much time to spike. That is not a good sign. 10% profit anyway.
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