@scondon, Thanks for warning :) I´m aware of this, which is why I´m short. Retail FOMO´d in. Smart money wants to push prize down to accumulate. Whoever FOMO´d into this will feel massive pain and sell at the bottom creating liquidity for smart money.
@scondon, Yup the bottom box is a demand zone. I´m personally closing my trade there and take profit, since I´m leveraged. It should bounce from there. It could make lower lows afterwards, stopping retail buyers out, but that´s subject of another trade.
@CryptoWhis, that's a risky play given the hype of coinbase! You could be right, but there's also a decent chance this could keep steadily climbing from here. Cardano is already undervalued at these prices in my opinion ;)
@scondon, Of course I could be wrong. Have stop loss in place. But technically we´re still downtrending until we make higher highs and higher lows. IMO I want to see some accumulation by smart money first.