WyckoffMode

$0.75 Potential Local High With Dip to $0.55 Then Back Up Again!

Long
WyckoffMode Updated   
BINANCE:ADAUSD   Cardano
Those price points are ESTIMATES - in regard to the anticipated dip I see potentially beginning on February 14th or 15th. I'm still seeing our high by mid April around $0.115 to $0.15 before consolidating. If you are thinking about implementing a margin short position on a potential upcoming dip, PLEASE make it a small bet with very low leverage. Market Makers COULD decide to take this up exponentially. So, PLEASE be careful and have a stop loss in place if you do take a margin short position for a brief time. I'm of the opinion you should avoid a short position and just take this current ride up with less risk. I don't have the time to stick around constantly at present to watch the market to provide a signal when we are going back up. I "might" be near my computer when that occurs... I may not... I might be working on my new office or taxes at the time. BY THE WAY, This is labeled a LONG position for this LONG TERM TA. Yes, we may have a dip coming up very soon but I labeled this long to EMPHASIZE we will continue in a bull trend after a potential dip coming up.

Hope what I have provided is helpful. Please take a moment to click "Like" icon. Certainly appreciate it.

Happy Trading and Stay Awesome!

David
Comment:
I MEANT to say, "$0.075 Potential Local High With Dip to $0.055..." in the title. In other words, "7.5 cents local high with dip potentially down to 5.5 cents.
Comment:
4-Day TF with indicators:


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.