Hello Community!
Let's take a look at ADA on the Daily TF. I went ahead and mapped what I believe to be a very crucial channel. I like to zoom out and see the bigger picture always. It is currently very close to the bottom but it might still go down a little further to touch the channel which would still be a higher low if it bounces decisively. That would be the time to enter a long position with a tight stop. The top of the channel would be the best time to short with a tight stop. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The reality is some coins/tokens will have stronger/weaker movements ( Bullish or Bearish ) based on how BTC moves.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
Let's take a look at ADA on the Daily TF. I went ahead and mapped what I believe to be a very crucial channel. I like to zoom out and see the bigger picture always. It is currently very close to the bottom but it might still go down a little further to touch the channel which would still be a higher low if it bounces decisively. That would be the time to enter a long position with a tight stop. The top of the channel would be the best time to short with a tight stop. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The reality is some coins/tokens will have stronger/weaker movements ( Bullish or Bearish ) based on how BTC moves.
Don't trade with what you're not willing to lose.
Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated!
This is not financial advice.
Safe Trading Calculate Your Risk/Reward & Collect!
Simplicity Wins
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.
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.