0.2463,$ADA is still drifting lower late at night; the truly abnormal part is not the Petrobras test—it's that futures positions are receding.
A 1.79% drawdown isn't that severe, but whale profit-taking and Tom DeMark’s sell signals are all right there. This kind of “good news” in the short term is more like a sedative for longs.
I’m very clear about this: intraday declines are about sentiment; for the medium term, what matters is whether capital is willing to come back. Until you see positions and trading volume rebound in sync, $ADA is watch-only, not chase.
If you think the decline is being fixed on the short-term chart, tap 1; if you think it still needs to grind out a bottom, tap 2.
#Write2Earn #BinanceSquare #ADA Futures #TradingTournament
A 1.79% drawdown isn't that severe, but whale profit-taking and Tom DeMark’s sell signals are all right there. This kind of “good news” in the short term is more like a sedative for longs.
I’m very clear about this: intraday declines are about sentiment; for the medium term, what matters is whether capital is willing to come back. Until you see positions and trading volume rebound in sync, $ADA is watch-only, not chase.
If you think the decline is being fixed on the short-term chart, tap 1; if you think it still needs to grind out a bottom, tap 2.
#Write2Earn #BinanceSquare #ADA Futures #TradingTournament
