✅ I just opened a long at $ADA #ADA
I'm sharing a summary of the trade setup, let's go!
🔍 What did I see on the chart?
In 4H, the price had been consolidating above the weekly POC of the VPVR, an area where historically the highest trading volume is concentrated. After this consolidation, the price drops sharply and seeks what I consider a relevant support at $0.327, which had already acted as a base in previous movements.
Upon seeing that movement, I decided to go down in fractality to better observe the price reaction.
In 15M:
When the price reaches the marked support area, it begins to decelerate, the selling pressure stops, and a subtle change in intention is noted. The price stops making lower lows and starts to decelerate.
I consider that this turn is confirmed when it breaks the last local Higher High (HH) in price action, generating a Break of Structure (BOS) upwards in SMC. That break indicates to me that the bearish momentum has lost strength and that a cycle change could begin in this timeframe.
📌 That was my entry trigger:
— Clear BOS in 15M
— Confirmation of a bounce at key support
— Momentum aligned with RSI exiting oversold zones in higher timeframe
🎯 SL: placed just below the support, at $0.3265, protecting myself against a possible liquidity sweep
📈 TP: marked at the weekly POC, in the area of $0.36, where the price could find resistance again
💬 What do you think about this trade? Comment and let's discuss
