I closed my short position on ADA today at a price of 0.94, making a small profit, which is essentially break-even after deducting fees.
Overall, this trade is still quite good. After entering, there has basically been no floating loss. As for how much profit can be made, it just depends on luck, and the luck on this trade was slightly lacking.
The resistance level around 1.03 is still quite apparent. If there is a significant weakening at the resistance level later on, it might be possible to continue shorting.
From the trend of BTC, the current long and short battle is quite intense, with the bulls slightly ahead. However, from the candlestick perspective, there has been a noticeable pause today compared to yesterday. Friends who are going long should remember not to take on too heavy a position. This week's candlestick is largely overlapping; I personally tend to see the current market as a small range. However, I have already completed a short position and now need to rest.
$BTC
$ADA
