Looking at a nice trade here on ADA.
Good demand block on the 4hr and going off a previous supply block from the 1st of March.
Looking for an entry right off the bottom of the demand block as it gives me a great risk reward ratio. If price doesnt come back down to here before breaking out of the demand block I will look for an entry off the top of the block.
A few nice bullish hammers and a bullish engulfing are giving me the idea it will break out soon - Also creating nice market structure with new higher highs and higher lows and also reached its highest point in the last 30 days.
Looking to take profit after a 10% gain and then after 12% and let the last portion ride to 15% profit.
Really good potential on the trade as the risk is so low if we can enter at the bottom of the demand block.
Keen to see how it plays out.
Good demand block on the 4hr and going off a previous supply block from the 1st of March.
Looking for an entry right off the bottom of the demand block as it gives me a great risk reward ratio. If price doesnt come back down to here before breaking out of the demand block I will look for an entry off the top of the block.
A few nice bullish hammers and a bullish engulfing are giving me the idea it will break out soon - Also creating nice market structure with new higher highs and higher lows and also reached its highest point in the last 30 days.
Looking to take profit after a 10% gain and then after 12% and let the last portion ride to 15% profit.
Really good potential on the trade as the risk is so low if we can enter at the bottom of the demand block.
Keen to see how it plays out.