FedericoSellitti

ADAUSD - Cardano Consolidation Phase after a Bearish Breakout

Short
BINANCE:ADAUSD   Cardano
ADAUSD
Good opportunity to short Cardano right below $0.13.

1. The setup of the moving averages is turning bearish;
2. The price broke the up-channel;
3. The price is in a consolidation phase after a strong down-movement.

Next Target: $0.11
Trade closed: target reached:
Great take profit reached at $0.11.

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