ADA Long - tight Stop Loss - wait for the daily close
Updated
This is my setup.
ADA has touched the .786 fib level. Perhaps we will close today with a hammer. Even if it is not a hammer then still I will long it as long if it doesnt close below the .786 fib level. For the sake of confluence it would be damn nice!
Price has touched the lower band of the BB.
Bullish divergence on the daily.
Stop loss just below the local low, around 0.043
First target would be .618 fib level.
And please move your stop loss once the price goes up.
NOTE: I will wait until the daily close. If the sentiment is the same and BTC hasn't made a huge move then I will long ADA.
Like and follow you want to see more trade setups!
Cheers!
ADA has touched the .786 fib level. Perhaps we will close today with a hammer. Even if it is not a hammer then still I will long it as long if it doesnt close below the .786 fib level. For the sake of confluence it would be damn nice!
Price has touched the lower band of the BB.
Bullish divergence on the daily.
Stop loss just below the local low, around 0.043
First target would be .618 fib level.
And please move your stop loss once the price goes up.
NOTE: I will wait until the daily close. If the sentiment is the same and BTC hasn't made a huge move then I will long ADA.
Like and follow you want to see more trade setups!
Cheers!
Trade active
YESSS! It is going up!!Please move your SL just above your entry.
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