TradingOn

$ADA/USDT 12h (#Bybit) Descending trendline on resistance

Short
TradingOn Updated   
BYBIT:ADAUSDT.P   ADAUSDT Perpetual Contract
Cardano just got rejected on 100EMA printing a gravestone doji and seems likely to reverse.

⚡️⚡️ #ADA/USDT ⚡️⚡️
Exchanges: ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (2.5X)
Amount: 8.0%

Current Price:
0.4002

Entry Zone:
0.4036 - 0.4258

Take-Profit Targets:
1) 0.3652
2) 0.3279
3) 0.2907

Stop Targets:
1) 0.4561

Published By: @TradingOn

Trade active:
All entries filled

Cardano pushed higher then got rejected as expected, now back below resistance.

Trade closed: target reached:
🎯TP2 was reached with +52.32% (2.5x) and +2.1R

Cardano finally went down after a small fake-out, SL updated to lowest entry now.

#ADA #ADAUSDT


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.