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It's crypto time, let's make some internet money with ADA/USDT y'all! Our Momentum Mover strategy will generally catch a move with momentum (as the name implies). Not all these plays will have continuation, as you can see on the chart, but when they do, cha-ching. Joking aside, let's see how this recent play goes while we wait for the next entry.
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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1. Fractal Trend is showing an uptrend (Green background color) for ADA/USDT on the hourly chart.
2. Breakaway Scalper has recently confirmed a long (Green bar color).
3. With this strategy we enter long ONLY when Fractal Trend shows a Green background and Breakaway Scalper shows a Green bar color. Meanwhile, we exit if the built in trialing stop (Yellow line) is hit or if the bar color changes.
4. Our goal here is to take long positions in the uptrend as long as Fractal Trend continues to show a Green background color. As price moves to the up or down side, we will be watching the R1 - R4 and S1 - S4 levels indicated on the chart for reactions.
5. Regardless of any reactions, the plan remains the same however. Long Green on Green, Short Red on Red, and close positions on color changes or if the trailing stop is hit.