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ADA/USDT has recently fallen, retested and bounced back off the LAST LEVEL OF SUPPORT until the $0.30 range. The recent price action shows that ADA is likely to trend down to the next level of support which is all the way down at $0.30.
As there is literally no support on the Daily or Weekly candle until $0.30, there is a possibility of a 61% Shorting opportunity.
This ADAUSD trade is inline with my overall Bitcoin thesis where I believe that Bitcoin will trend down to the $20,000 range over the next 6-9 months.
Entry: CMP (Current Market Price)
Profit Target 1: $0.69
Profit Target 2: $0.43
Profit Target 3: $0.30
LEVERAGE: 3X TO 10X
Stop Loss: $0.85
Please consider following me for the latest market updates and mid and long-term Long / Short calls. Let's get to the chart!
ADA/USDT has recently fallen, retested and bounced back off the LAST LEVEL OF SUPPORT until the $0.30 range. The recent price action shows that ADA is likely to trend down to the next level of support which is all the way down at $0.30.
As there is literally no support on the Daily or Weekly candle until $0.30, there is a possibility of a 61% Shorting opportunity.
This ADAUSD trade is inline with my overall Bitcoin thesis where I believe that Bitcoin will trend down to the $20,000 range over the next 6-9 months.
Entry: CMP (Current Market Price)
Profit Target 1: $0.69
Profit Target 2: $0.43
Profit Target 3: $0.30
LEVERAGE: 3X TO 10X
Stop Loss: $0.85
