BEARISH TREND REJECTED AROUND 1.916 AS EXPECTED🌊
✅PREVIOUSLY ON ADA
There is 5 waves from 0 to 3.101. We were waiting for the beginning of the next bullish impulse.
If 2.000 is A(pink), after B(pink) is made, there must be bearish 5 waves from B(pink) to make C. So we were waiting for A to be broken to get ready for long.
✅ WHERE WE ARE
It can be thought that 5 waves is over after B(2.8), which means the bullish impulse has begun.
If so, it's too late to buy, so we should wait for the pullback, which would be the beginning of the next impulse.
Or just keep the long position taken at 1.916.
Even if 1.910 is broken, the loss would be as tiny as possible.
*As long as the 1.910 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
There is 5 waves from 0 to 3.101. We were waiting for the beginning of the next bullish impulse.
If 2.000 is A(pink), after B(pink) is made, there must be bearish 5 waves from B(pink) to make C. So we were waiting for A to be broken to get ready for long.
✅ WHERE WE ARE
It can be thought that 5 waves is over after B(2.8), which means the bullish impulse has begun.
If so, it's too late to buy, so we should wait for the pullback, which would be the beginning of the next impulse.
Or just keep the long position taken at 1.916.
Even if 1.910 is broken, the loss would be as tiny as possible.
*As long as the 1.910 remains unbroken, this idea is valid.
💡The absolute principle for trading💡
BUY - as low as possible
SELL - as high as possible
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
