$ADA Recommended Trade Scenarios
Since you are in the grey area of oversold, it is better to wait for confirmation rather than market orders.
The Bounce Play (Scalp
📊ADA USDT 🟢 LONG 📈 🔥 💥 🚨
· Entry: Wait for RSI to turn upward and a 1-hour candle to close above 0.1625.
· Target 1: 0.1640
· Target 2: 0.1660
· Stop Loss: 0.1610
DO NOT FOMO buy: An RSI of 27 attracts "buy-the-dip" traders, but falling knives can hurt. Wait for the oversold signal to start curling up on the purple line.
· Volume: Check the trading volume (not shown in detail). You want to see high volume on the recovery legs. #DEXE #BANK
Since you are in the grey area of oversold, it is better to wait for confirmation rather than market orders.
The Bounce Play (Scalp
📊ADA USDT 🟢 LONG 📈 🔥 💥 🚨
· Entry: Wait for RSI to turn upward and a 1-hour candle to close above 0.1625.
· Target 1: 0.1640
· Target 2: 0.1660
· Stop Loss: 0.1610
DO NOT FOMO buy: An RSI of 27 attracts "buy-the-dip" traders, but falling knives can hurt. Wait for the oversold signal to start curling up on the purple line.
· Volume: Check the trading volume (not shown in detail). You want to see high volume on the recovery legs. #DEXE #BANK
