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ADAUSD H8: 1.50/1.55 TP BEARS / correction MODE(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don’t overleverage.
🔸 Summary and potential trade setup
::: ADAUSD H8 chart review
::: not a great looking chart
::: previously compression / breakdown
::: price/ div very clear on D1/H16 TF
::: expecting correction/pullback mode
::: pullback required to attract
::: new buyers from the lows
::: 20-40% pullback possible next
::: 4-8 weeks in October/November 2021
::: right now limited upside
::: based on measured move projection
::: TP BEARS is 1.50/1.55 USD
::: correction will complete in October/Nov 2021
::: target BEARS is 1.50/1.55 USD
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: STAY OUT / LIMITED UPSIDE
::: NOT A TRADE SETUP
::: bull run not over yet stay tuned
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.