ADA target exit reached at predicted 170%. you can go greedy at a new target of 192%, but is it worth your risk?
I will wait for retracement at 30% to 70% for the next entry depending on the next price action.
This was a good and well less than 30days trade.
Note
This was pas published analysis
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Now that ADA has broken resistance above our 170% profit target. It seems to have garnered strength as shown in our EMA and price action. Will we push further up, as we have moved our maximum target exit? Working on my Fibs, it also falls on a 1.618 reversal zone, volume is good, and market still is expanding. (The BULLS are still in control), but anytime, the bulls would want to earn close to 200% profits from the lowest entry.
I will enter now with a tight stop loss and watching out for volume changes. Our 170% target ext will now be our entry for another +-30% profit.
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Although the target what not reached the maximum, Hope you guys had kept an eye on price action where profits could have been made.
it was a good measured move I and we are looking at a 62% retracement at least. Let us wait for price action if there will be a great entry. Watch for bull trap season..
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