$ADA went from 0.18 to 0.1968, up 3.42 points. Honestly, it looks like a green candle, but I’m not feeling much of anything. The 24-hour trading volume is only $182 million. For a major coin, that’s really nothing special—just a little back-and-forth, with people in the market playing among themselves. You can see it topped out at 0.20 and couldn’t go any higher, which means there’s plenty of sell pressure up there, with lots of people waiting to break even and get out. I bought in because it looked cheap and I figured it couldn’t fall much further. Instead, I kept buying the dip and getting trapped, and the more I bought, the more anxious I got. Now I’ve come to my senses: being cheap isn’t a reason to buy; low volume is what’s really dangerous. ADA’s fundamentals aren’t bad, but whenever the broader market sentiment turns sour, it goes down with it. It drags its feet when prices rise, but when they fall, it doesn’t hesitate. For now, I’m watching the 0.20 level. Let’s talk about anything else after it breaks above that on strong volume; otherwise, a spike followed by a pullback will just trap people. Don’t tell me to buy the dip—I’ve done that plenty of times, only to end up buying halfway down. For those of you still in it, here’s one thing: don’t keep adding to your position to lower your average. It’s better to keep some cash on hand than anything else. Wait and see if it can make its own way up. What do you think?
