Hello traders, here's my point of view about CARDANO . I'm bullish in the longterm. However as you can see , price is about to test a massive area of demand . To be honest I already took some buy entries I will be looking to see how the price react within the next days. Of course we can have some sort of short squeeze. Play with probabilities , manage your risk. are you bullish or bearish right now ?
this is not a financial advise , it's just my point of view and should be taken as an educational purpose
ADA seemed to take a bigger hit than many other during this dip but strong support below, this certainly looks like an enticing price for those brave enough 👍
Nice chart. Huge base! A pump seems almost certain. However. The next support, below the current base area is waaaaay far down. Any price drops below $1.01 could easily continue down to the $0.60 area if the current mega-base fails. Long term, as you say, ADA is a winning asset, and a winning technology platform. Not just a meme, or a game. Trade well. :)
AIRFOREXONE_
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@CryptoBusn, wise comment bro thanks for the perspective !