Keep It Simple And Plan To Take Profits
We saw what we needed to see from ADA, and we've passed our .702 Fib Retracement from the previous all time high in 2018.
I planned to take profits at $.90. And I did, 25%. This will be used to reinvest in any future dips that ADA will have.
Looking at the daily, I don't think we're slowing down just yet. ADA has been steadily increasing from day to day, and honestly it makes me nervous. These parabolic moves are crazy. And I think this is just the beginning. Seeing as how Goguen will bring smart contracts to ADA by the end of February, with ETH interoperability on the way. I don't think its time yet to take too much off the table.
Next stop will be a solid candle body at $1. This is also the .786 Fib Retracement from the 2018 ATH.
I think that a lot of traders are going to have sell orders at $1.00, dropping the price. This is when I plan on taking that 25% and putting it back at the $1 dip.
It's a bull market, shorting is not the best idea for me. And, since we typically only see a bull market every 4 years, my next big profit pull (35%) is projected at $1.40.
Happy trading my friends.
NOT FINANCIAL ADVICE.
I planned to take profits at $.90. And I did, 25%. This will be used to reinvest in any future dips that ADA will have.
Looking at the daily, I don't think we're slowing down just yet. ADA has been steadily increasing from day to day, and honestly it makes me nervous. These parabolic moves are crazy. And I think this is just the beginning. Seeing as how Goguen will bring smart contracts to ADA by the end of February, with ETH interoperability on the way. I don't think its time yet to take too much off the table.
Next stop will be a solid candle body at $1. This is also the .786 Fib Retracement from the 2018 ATH.
I think that a lot of traders are going to have sell orders at $1.00, dropping the price. This is when I plan on taking that 25% and putting it back at the $1 dip.
It's a bull market, shorting is not the best idea for me. And, since we typically only see a bull market every 4 years, my next big profit pull (35%) is projected at $1.40.
Happy trading my friends.
NOT FINANCIAL ADVICE.
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