ADA another -35%? 😱

١٠ أكتوبر ٢٠٢٢

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This looks ugly. Cardano broke down this triangle📐 and I think there is chance for run to 0.2650 (meaning -35% drop from current price) and even lower. I'm already short from 0.4638 (see the idea below)...

...but setting SELL LIMIT order to previous range low to add another short position on the potential pullback.

• ENTRY: local low @ 0.4313
  
• STOPLOSS (SL): local high @ 0.4825
  
• TARGET (TP): height of the triangle projected from midpoint of the local range (SELL LIMIT - STOPLOSS) @ 0.2650
  
• REWARD RISK RATIO (RRR): 3.25
  
• INVALIDATION: when SL level hit
  

Check my other stuff in related ideas.

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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.

١ نوفمبر ٢٠٢٢

تم فتح الصفقة

SELL LIMIT Order filled ✔️

١٧ ديسمبر ٢٠٢٢

أغلقت الصفقة: تم الوصول للهدف

Here we go, Target hit! 🎯 Took it's time but the trade had almost no drawdown and it was 99% of the time in profit. Perfect!

٢ يناير ٢٠٢٣

ملاحظة

Check the follow up idea here: