The key feature if the chart is the , with lower highs (Light blue Line), and the same lows (Black line). Price is testing the lows at present and a break here would provide you the ability to short if your holding.
If you look on an Hourly, 4 Hourly or for a bar to break the black line, and then another to come back up to it, it you do this wait for another selling bar and you have an , sell at the close of the third bar.
Target is the redline at 0.0002633 where you buy your position back.
Always remember if you want to make dollars your decisions need to make sense. This trade looks like it will break soon, please remember you are trading on potentially shorter time frames.
Sorry just wanted to update this as I have had someone ask me has he done something wrong he bought ADA when I posted and its going down.
Yes this trade will go down and the charts told us this, the purpose of posting this was allowing people to sell their ADA and if they wanted to re-buy it later I had place a target at the level the charts are telling me its heading.
Please always read my trades carefully, I will always have instructions but in most cases I suggest people don't buy until the breakout is confirmed, this is for the protection of yours, mine and everyones capital. This is how we trade.
A lot of trades on this site are posted as 'urgent' buy signals and people believe they must rush, traders know when I coin might break out so I prefer to post prior to break out if it doesn't happen we close the trade and walk away with no position opened nothing lost.
If we do break out everyone had their buy orders set no need to rush we can all relax.
A lot of trades that are posted after break out are risky as you didn't monitor the break, it could be a false break out etc. But some of the traders here are only learning to post charts so they see the green candles lining up and they can't wait to hit that publish button and tell you what a great find they had.
You will find I am far more relaxed and have been doing this for years so please read all instructions before opening a position.
We are right at a minor support level, it may slow us down (not that this move quickly) but i cant see any reason to reverse off it at this point. We have another more serious level at 0.0000314. You could buy back some here
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