For how long we've been looking at Cardano together? Nine years? Since 2017. Over and over, again and again, and it has been an incredible journey, lots of learning and growth. The market gets better with each passing week and month. I have another trade for you in appreciation of your continued support.
This is a new entry. Seems risky. It is always risky when the action is no longer happening at the bottom, at support; but, when the market is rising, it simply rises for as long as the bullish period is active. Look at the downtrend, when the market was dropping, it continued to drop non-stop. Any pause can be used to go short, back then. Any pause can be used to go long, now-today.
So this is the chart setup, it is a bit tricky. It can be interpreted as bullish because the retrace is very small and weak. But it can happen that the retrace is not yet over. So another flush, then a reversal with sudden growth. That's the tricky part but these things cannot be predicted.
Since the unpredictable can't be predicted, we go with the chart.
ADAUSDT has very strong bullish potential based on the formation of a new market trend. We know this trend to be true and certain based on hundreds of projects that have been growing already for months and the fact that Bitcoin is trading above $80,000 and ready to produce additional growth. Cardano will also move forward—what one does, the rest follows—this opens the opportunity for a new long.
Plenty of technical signals support a long trade. Many signals also support a drop or lower prices before higher, there is some mixture and risk. The last red candle had really high volume, but I am bullish nonetheless.
The charts tend to be confusing, at certain times. It is a great tool, but you have to know when to know the market beyond the chart, there is a need to know when to just follow the market trend.
Whatever you do from now, always go LONG—never short. That's my winning strategy in a single sentence.
Thank you for reading.
Full trade-numbers below:
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LONG ADAUSDT
Leverage: 5X
Potential: 2575%
Allocation: 3%
Entry zone: $0.1900 - $0.2300
Current pice: $0.2260
Targets:
1) $0.2565
2) $0.2885
3) $0.3460
4) $0.3814
5) $0.4388
6) $0.5315
7) $0.6818
8) $0.8320
9) $0.9243
10) $1.044
11) $1.390
Stop: Close weekly below $0.1880
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Namaste.
