Saw a good strong uptrend on ADA and had long'd it.
It's changing character here a bit on the market dump today, breaking that clean uptrend which is very visible on 15m and will likely cause more profit taking.
I noticed it up at 32.1-32.2 and was a little late entering a short so may not trade this but it's worth keep an eye out for a retest for a low risk/high reward entry if you can find it up at 32.2-32.3. Other wise, use lower leverage on a larger time frame with lower risk.
It's changing character here a bit on the market dump today, breaking that clean uptrend which is very visible on 15m and will likely cause more profit taking.
I noticed it up at 32.1-32.2 and was a little late entering a short so may not trade this but it's worth keep an eye out for a retest for a low risk/high reward entry if you can find it up at 32.2-32.3. Other wise, use lower leverage on a larger time frame with lower risk.
Note
Or just sit this one out. It may be too late. Hard to say what the market will do - it's been very confused.
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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.