ADAUSDT forming a descending triangle
based on my TA ADA is forming a descending triangle on the weekly and daily chart.
I would wait for a confirmation closure above the upper line to go long (2 daily closure above the triangle)
or else it will break the triangle, might retest and break further down to $1.26-$1.6
if it closed above the triangle.
SL: $1.718
TP1: $2.41
TP2: $2.66
TP3:$3.11
TP4:$3.49
what do you think of this trade?
I would wait for a confirmation closure above the upper line to go long (2 daily closure above the triangle)
or else it will break the triangle, might retest and break further down to $1.26-$1.6
if it closed above the triangle.
SL: $1.718
TP1: $2.41
TP2: $2.66
TP3:$3.11
TP4:$3.49
what do you think of this trade?
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