$ADA #ADA 📉
Direction: SHORT
Entry zone: 0.179702 to 0.180422
Stop loss: 0.182763
Target 1: 0.176461
Target 2: 0.173760
Cardano is trading near 0.180062 dollars, down 8.63 percent in 24 hours, the worst of the majors, inside a range of 0.178123 to 0.199373 dollars, and the recent closes show a steady slide at the lows, 0.182743, then 0.181866, then 0.181098, then 0.180782, then 0.180062. 🔴 My reading is that ADA is the weakest major in this crash, because it fell the furthest and every close keeps making a lower low with no buyers stepping in, and that kind of slide usually breaks down before it breaks up. A short from the current zone, with a stop above 0.182763, targets 0.176461 first and then 0.173760 if sellers push through the range low. A rise above 0.182763 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Cardano fall to 0.176461 first, or rise above 0.182763? 🤔
Follow for more trades.
#Cardano #Crypto #FuturesTrading #TradingSignals
Direction: SHORT
Entry zone: 0.179702 to 0.180422
Stop loss: 0.182763
Target 1: 0.176461
Target 2: 0.173760
Cardano is trading near 0.180062 dollars, down 8.63 percent in 24 hours, the worst of the majors, inside a range of 0.178123 to 0.199373 dollars, and the recent closes show a steady slide at the lows, 0.182743, then 0.181866, then 0.181098, then 0.180782, then 0.180062. 🔴 My reading is that ADA is the weakest major in this crash, because it fell the furthest and every close keeps making a lower low with no buyers stepping in, and that kind of slide usually breaks down before it breaks up. A short from the current zone, with a stop above 0.182763, targets 0.176461 first and then 0.173760 if sellers push through the range low. A rise above 0.182763 kills the idea without debate.
Futures trading is risky. Trade small, use a stop loss, and do your own research. This is my reading, not a guaranteed signal.
Does Cardano fall to 0.176461 first, or rise above 0.182763? 🤔
Follow for more trades.
#Cardano #Crypto #FuturesTrading #TradingSignals
