mablack15

ADA - Accumulation Time

Long
BINANCE:ADABTC   Cardano / Bitcoin
ADA/ BTC is correcting after the recent news of the Coinbase listing. I think we still have a ways to go in terms of correction, but this presents a very good buying opportunity. I will be opening a 10x long on this trade, but as always please set a stop loss and be careful. The 1H still looks bearish , meaning we can find a better entry over 1-2 days. The 4H is also bearish but looks like it can flip in a few days given some buying momentum. Here are my plays.

Entry: 2,000 - 2,050 sats
Stop Loss: 1,950 sats
Targets: 2,200 - 2,400 - 2,600 - 2,800 sats

Comments

I think pumps are coming looking at the historic chart. Look at wider picture.
+1 Reply
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