ADA/USDT- Where to from here? Further retrace or bounce?
Slightly bearish but as retrace meets support we may see an influx of panic buyers afraid to miss the boat.
I'd be wary of a bullish entry point in all markets at present as we are yet to see a decent correction.
In saying that, you could ride the sidelines for months waiting for it and be very sad in 2022...
A lot of long term bullish sentiment on ADA and personally I don't think the price reflects this as of yet.
Still opportunity here but we really want it at the right price.
Currently holding some soft support as retest occurs - so potential entry at current price but high risk.
Personally- I'm happy to wait it out.
As always, not financial advice,just my own thoughts and TA. DYOR!
Feedback welcomed!
Happy trading and DGR ( Don't Get Rekd)
Bingaz.
I'd be wary of a bullish entry point in all markets at present as we are yet to see a decent correction.
In saying that, you could ride the sidelines for months waiting for it and be very sad in 2022...
A lot of long term bullish sentiment on ADA and personally I don't think the price reflects this as of yet.
Still opportunity here but we really want it at the right price.
Currently holding some soft support as retest occurs - so potential entry at current price but high risk.
Personally- I'm happy to wait it out.
As always, not financial advice,just my own thoughts and TA. DYOR!
Feedback welcomed!
Happy trading and DGR ( Don't Get Rekd)
Bingaz.
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