ADA showed weakness over the past weeks, and FOMC could trigger a rebound into the EMA50 H4 / previous support area 0,81 - 0,82
The plan is to short 50% of the total position at 0,815 + 50% at 0,855 (next support/resistance, but with much less confluence, as FOMC could trigger impulsive moves)
TPs are:
- next support 0,74
- and then, the beauty of the virgin 0,74 -> 0,38 area should do its magic
Invalidation is a reclaim of the EMA 200 H4 (around 0,93 area)
Cheers
The plan is to short 50% of the total position at 0,815 + 50% at 0,855 (next support/resistance, but with much less confluence, as FOMC could trigger impulsive moves)
TPs are:
- next support 0,74
- and then, the beauty of the virgin 0,74 -> 0,38 area should do its magic
Invalidation is a reclaim of the EMA 200 H4 (around 0,93 area)
Cheers
Note
All tp were hit on this one, forgot to update
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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.