ADAUSD H16 150% gains BEST LEVEL TO BUY(SL/TP)(UPDATE)

27 Jul 2021

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ADAUSD H16 150% gains BEST LEVEL TO BUY(SL/TP)(UPDATE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG because this is a BULLISH setup.
However, READ ENTIRE idea before BUYING.


🔸 Summary and potential trade setup
::: ADAUSDT 16hours/candle chart review
::: updated/revised outlook
::: two primary options BULLS right now
::: either price clears S/R at 1.50 USD
::: and breaks out of recent ranges
::: to the upside then BULLS
::: look to BUY re-test of S/R at 1.50
::: TP BULLS is 3.0 USD then +100% gains
::: alternative outlook
::: if we get a rejection again at 1.50 USD
::: price MAY drop to 85/90C then
::: BULLS get ready to BUY LOW near 90C
::: TP is 2.20 USD +150% gains BUY/HOLD
::: pullback in progress currently
::: BULLS sit it out / wait for reload BELOW
::: BULLS defended 1.00 USD multiple times
::: 1.00 USD bottom is in most likely
::: price contained within BULLISH CHANNEL
::: BULLS focus on buying low near 0.90 USD
::: 90 cents is price flip level from the past
::: BULLS BUY low near point 0.90
::: expecting short-term pullback off DOUBLE TOP
::: from my level TP +200% gains
::: this is BUY/HOLD setup
::: patient traders only
::: no valid setups for BEARS in here though
::: speculative setup / use tight SL
::: do your own due dill as well
::: and use proper risk management
::: TP bulls is +200% gains
::: details: see chart
::: FINAL TP +200%
::: recommended strategy: BUY/HOLD
::: SWING TRADE: BUY/HOLD IT
::: good luck traders!
::: BUY/HOLD and get paid. period.
::: BEARS short from overhead later
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment short-term: BEARS/final pullback

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Past performance is not indicative of future results.
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