Cardano(ADA) close to the whales buy areas๐ฅ One more chance?
Hi friends! Cardano made +17% after my last idea, but now it dropperd after ADA tested the $0.51 resistance and made false breakout of the level.
โ Check this idea to understand the preconditions and make at least +17% per 1 trade.
Now the price drop to the HUGE SUPPORT which is $0.45-0.47 value area. You can see that is only 1 massive area which hold the price now. ADA can consolidate above this area and start squeezing to the trendline. This will be the first chance to open a long.
If the price make the pullback to $0.424 key level, it will be the great chance to not just open a long but buy some coins on spot. As you can see, there were a lot of buyers at this zone during last 2 months. The whales accumulate a lot of ADA.
๐ Preconditions to open a long:
๐ฅ test as support or the false breakout of $0.424 key level
๐ฅ volume growth which confirms the pressence of buyer one more time
๐ฅ bullish BTC help the ADA reach the target. It will be interresting to see the false breakout of the $17600 (local low).
๐ฉ The huge buy orders (order wall) on DOM and Footprint which confirms the pressence of big player. I prefer to open the trade in the same direction with the whales.
๐ The targets:
$0.051 - key level
$0.06 - key level
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
โ Check this idea to understand the preconditions and make at least +17% per 1 trade.
Now the price drop to the HUGE SUPPORT which is $0.45-0.47 value area. You can see that is only 1 massive area which hold the price now. ADA can consolidate above this area and start squeezing to the trendline. This will be the first chance to open a long.
If the price make the pullback to $0.424 key level, it will be the great chance to not just open a long but buy some coins on spot. As you can see, there were a lot of buyers at this zone during last 2 months. The whales accumulate a lot of ADA.
๐ Preconditions to open a long:
๐ฅ test as support or the false breakout of $0.424 key level
๐ฅ volume growth which confirms the pressence of buyer one more time
๐ฅ bullish BTC help the ADA reach the target. It will be interresting to see the false breakout of the $17600 (local low).
๐ฉ The huge buy orders (order wall) on DOM and Footprint which confirms the pressence of big player. I prefer to open the trade in the same direction with the whales.
๐ The targets:
$0.051 - key level
$0.06 - key level
๐ปFriends, press the "boost"๐ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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๐ bit.ly/vip_bikotrading
๐ทTelegram ๐ t.me/+ICrmLIneDmRiYjIy
๐ทYouTube ๐ bit.ly/YouTube__Lessons
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