Hello traders,
as with BTC, I see a very similar analysis for other cryptocurrencies such as ADAUSDT, I will expect a selling reaction from sell zones at H1 (orange zone), but as I expect a possible consolidation, I will also look for buying opportunities in buy zones. In the event that the price moves above the sell zones, I will start looking for opportunities to buy into the potential consolidation of the daily TF
IMPORTANT WARNING:
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Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
as with BTC, I see a very similar analysis for other cryptocurrencies such as ADAUSDT, I will expect a selling reaction from sell zones at H1 (orange zone), but as I expect a possible consolidation, I will also look for buying opportunities in buy zones. In the event that the price moves above the sell zones, I will start looking for opportunities to buy into the potential consolidation of the daily TF
IMPORTANT WARNING:
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Rebounds from marked zones created by trading positions of large institutions such as banks or various financial funds may not create new HH or LL and therefore it is very important to collect partial profits at least according to these rules. This will help you to keep your equity curve constantly growing and protect your funds from big drops if the price unexpectedly turns against you. But the decision is only in your hands.
I personally prefer setting up multiple TPs , here's an explanation:
1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns
2) 2-5 :1 means profit (25% trade volume ), after reaching this TP I move SL to BE
3) 5-10 :1 means bonus money with rest of trade volume (again 25%)
Money is lying on the ground, just bend down for it! Be patient and wait for the price to reach a strong zone and open a position!
