Hello Traders, here is a trade Setup for ADAUSD.
I'm going to keep this one short today...
ADA has had an incredible run over the past several days. So well in fact that it broke through a local descending trend line which acted as resistance. This is a very positive signal for Bullish momentum.
- Price is currently re-testing support which is also an ideal buy zone.
- The trade setup is shown on the chart.
- Keep in mind that we are in a Bear Market. Keep your position sizes small to protect your capitol and don't over leverage yourself.
Thanks everyone and best of luck trading!
I'm going to keep this one short today...
ADA has had an incredible run over the past several days. So well in fact that it broke through a local descending trend line which acted as resistance. This is a very positive signal for Bullish momentum.
- Price is currently re-testing support which is also an ideal buy zone.
- The trade setup is shown on the chart.
- Keep in mind that we are in a Bear Market. Keep your position sizes small to protect your capitol and don't over leverage yourself.
Thanks everyone and best of luck trading!
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