How to Trade ADA After The 85% Price EXPLOSION!

In this technical analysis we will take a closer look at ADA. It's been absolutely fantastic to see the price grow to these crazy new highs. It's been a long time since ADA traded near the $.30+ level, and we would have almost forgotten that the all-time-high was actually slightly below $.40.

It's very difficult to chart what will happen above the all-time high so I will focus mostly on the journey towards it.

An obvious first target for ADA is 0.38 here, a level slightly below the resistance. You can also choose to try and hold beyond the resistance but I would suggest against it.

The best strategy for trading coins near all-time-high must be taking profit slightly below the all-time high, then waiting, and then seeing if the price can break through.

If it does break through you can enter a long and buy on the breakout slightly above resistance. If it doesn't stay out of the long position because a rejection might happen which can greatly reduce the value of ADA in a short time.

Buy a much lower point again in that retracement so you are in a long position again on the second attempt. This quick selling and buying near ATH will only cost you a few % max in profit, while giving you a fantastic benefit of more certainty.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!