If you are shorting every relief rally right now, stop now.
Most traders lose money by fading consolidation ranges, mistaking patient accumulation for weakness until they get caught on the wrong side of the move.
$ADA is quietly reclaiming ground, trading around $0.2212 after bouncing off its $0.1894 bottom and touching a 24-hour high of $0.2321. The bear thesis says the tight range between $0.2150 and $0.2321 backed by $48M in volume represents weak momentum that will soon roll over.
Yet the 4-hour chart shows buyers consistently defending the floor rather than letting price collapse back to the lows. When supply gets absorbed this cleanly above a recent bottom, the market usually resolves higher instead of breaking down.
Where do you see $ADA heading from here: breaking cleanly through $0.2321 or taking another dip to test the base?
#Cardano #CryptoTrading #Altcoins
Most traders lose money by fading consolidation ranges, mistaking patient accumulation for weakness until they get caught on the wrong side of the move.
$ADA is quietly reclaiming ground, trading around $0.2212 after bouncing off its $0.1894 bottom and touching a 24-hour high of $0.2321. The bear thesis says the tight range between $0.2150 and $0.2321 backed by $48M in volume represents weak momentum that will soon roll over.
Yet the 4-hour chart shows buyers consistently defending the floor rather than letting price collapse back to the lows. When supply gets absorbed this cleanly above a recent bottom, the market usually resolves higher instead of breaking down.
Where do you see $ADA heading from here: breaking cleanly through $0.2321 or taking another dip to test the base?
#Cardano #CryptoTrading #Altcoins
