Cardano Perpetual Futures
Short
Updated

Potential Wyckoff Distribution Outlook.

122
ADA Looks to be trapped within a Whyckoff Distribution Range, Upon breaking the ICE Line of support we could begin to see a major Markdown in price.
Trade active
Still seeing a likely chance of this coming back down despite being slightly above the horizontal resistance as we may begin to show another level of bearish divergence from here snapshot
Trade closed: stop reached

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.