ADA to break down, Dollar Cost Entries
Updated
We are seeing a rejection on resistance, watching for entry on a retest of support, follow down. If you have X-Dollar to spend, split in 4 and set up buy-limits at green lines, or just above.
Targets when trade active
Targets when trade active
Trade active
Entry confirmed, still downside continuation expected, missed this entry, head for 2.02 skip first entry and second entry point.Target 1: retest of 2.285 take 25% profit
Target 2: 2.34 take another 25% profit move to breakevenlevel/entry point
Target 3: 2.50 take another 25 % move stop loss to 2.28
Target 4: price discovery, keep updated
Trade closed: target reached
To the point, 25% taken at 2.285Trade closed: target reached
Another 25% in position took out of this trade at 2.34.Moving SL to 2.226 to make this a winning trade and set up for better entry.
Note
ADA still looks for upsideNew Target 3 if you want to apply more risk:2.62
Note
We are still holding the trade idea. We are now looking to take our profits and dollar cost into the trade to increase positionsize. We take the first 25% we took out of the market and enter now: 2.08
Second 25% will be entered either at 2.0 or 2.13 if retest of breakout is confirmed
Trade closed: stop reached
Look for 2.138 for another entry
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