Looking for a retrace to get back into Cardano.
Difficult to chart on such a large pump in short time frames.
For those that played out the "Flag Pole Theory" yesterday we hit targets and exited.
We didn't find the exact top (very close though) and exited prior to this current dip so it was a successful move.
Indicators suggest this retrace is needed but how much retrace is the question!
Potential to remain bullish even if we see a 9% drop back to upper support levels.
(Largely due to the excitement and anticipation of upcoming Shelley Release)
There does remain a chance it will find support even sooner than that and continue this current trend,
However I'm cautious of entry after such a large move north as there's also plenty of traders in front considering exit.
Any thoughts on where we are going from here?
As always, not financial advice, do your own research and trade within your means.
(Essentially, don't get "Rekd" chasing pumps)
Thoughts and feedback welcomed.
Bingaz
Difficult to chart on such a large pump in short time frames.
For those that played out the "Flag Pole Theory" yesterday we hit targets and exited.
We didn't find the exact top (very close though) and exited prior to this current dip so it was a successful move.
Indicators suggest this retrace is needed but how much retrace is the question!
Potential to remain bullish even if we see a 9% drop back to upper support levels.
(Largely due to the excitement and anticipation of upcoming Shelley Release)
There does remain a chance it will find support even sooner than that and continue this current trend,
However I'm cautious of entry after such a large move north as there's also plenty of traders in front considering exit.
Any thoughts on where we are going from here?
As always, not financial advice, do your own research and trade within your means.
(Essentially, don't get "Rekd" chasing pumps)
Thoughts and feedback welcomed.
Bingaz
