Looks like ADA is trying to break below 1.19. Short on strength strategy should be adopted. Trade Plan: If it gives a daily closing below 1.19, short it for the target price of $1.04-0.94. That is a major support. Stoploss:4h closing above 1.25.
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New stoploss: 4h closing above 1.21
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Always trail your stops
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New chart!
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Testing support as resistance. Will wait for 2 candles on the 4hourly chart to close above 1.21 as my stoploss. I am still expecting a dump. At least in ADA.