ADA long from strong support zone
Conditions:
- ADA bounced off strong support zone around 1.26
- MACD crossing over to uptrend
- PA long wicks and strong reaction from current zone > high buyer demand zone
Targets:
Take profit before getting too close to the Daily EMAs (50 EMA trajectory) which is also confluent (close to) the resistance block at 1.47
SL :
Below support with some space
- ADA bounced off strong support zone around 1.26
- MACD crossing over to uptrend
- PA long wicks and strong reaction from current zone > high buyer demand zone
Targets:
Take profit before getting too close to the Daily EMAs (50 EMA trajectory) which is also confluent (close to) the resistance block at 1.47
SL :
Below support with some space
Trade closed: target reached
Perfect trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.