ADAUSDT Break + Retest 50Ma SHORT P

2022年1月1日

Hi everyone
Daily"

Going short ADAUSDT
RSI still has a long way to get down to over sold area, had confirmation from red DOJI and second long Red candle. + Price fail to cross up 50 MA
ALWAYS look for extra confirmation on any trade, Anything like a bullish/ bearish candle such as the one we can see here "Red Doji'
Possible drop to $1 If bears stay strong, then look for rebound up to retest $1.50 Area " I would personally hold on any long positions until we ether confirm a new strong new trend or buy at $1.5 area"

Happy trading people

(No financial advice)
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