Cardano (ADA/BTC- BitMex) - Long on Retracement

Cardano (ADA/BTC- BitMex) - Long on Retracement

By milionarioo | DigiNomic | 1 Jun 2020


After the ADA breakout, I decided to observe the retracement in order to place an Entry LONG.
The entrance area sees the 695 sat as top, corresponding to the maximum touched pre-breakout.

 

 

The lower limit, on the other hand, is about 600 sat, corresponding to the former main resistance of the recently broken range.

Stop loss below 500 sat, to be moved with the trailing logic to the highest low in the case of poorly marked retracement and / or immediate bullish continuation.

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