$ADA update - closed

I'm still short, average entry price is 1.062

the last 4 hours have been like a war, I sell, the price goes up, I sell again, and the price goes up again...

when big money is sold, the price can jump very fast and very high, here of course it's better to wait

what's the plan

at 1.034 I'll reduce the position by 25% and move the stop to breakeven +25%ROI - this will cover the loss from the previous short and pay me for my patience ;)

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the second leg of the upward move was completed at the level of 1.065

the price made a jump to a level higher than the opening of the previous month 1.08 - which was assumed

a very fast rise in price suggests that someone was in a hurry to deliver the price to a certain level at 68% Fibo

in this zone on the 4-hour chart, between 50-68%, the distribution-accumulation zone is clearly visible before the price decline in December

what is the scenario - the first week of the year - very speculative

next week FOMC on Wednesday 01/08/25 and non-farm payrolls on 01/10/25, and a week later on 01/20/25 Trump's inauguration

we may see a new low