Ever since I got into Margins, I have been in love with shorting my way down the trend. With that said, welcome to my for Cardano.
I have the chart set up on the daily. Looking at it from since it's jump to ATH in December, we can see that the chart is forming a descending triangle!
At 1900 sats , we see it being tested twice... forming the . We see a break out to a side ways channel, however I only see this as a temporary movement to catch the bulls in the market
with the bears clawing them down to 1400 sats . Shorting this trade is very high in risk. Personally, I am now waiting patiently to enter at 1400 Sats . Have my leverage higher. Then up I go.
This has been a pleasure. I hope you find this useful. This is Balanar, the night stalker. I stalk these charts... day and night!