$ADA/USDT 2D (#Bybit) Descending trendline breakout and retest

Cardano is pulling back to 50MA support and seems to be done with the downtrend, let's prepare for mid-term recovery.

⚡️⚡️ #ADA/USDT ⚡️⚡️
Exchanges: ByBit USDT, Binance Futures
Signal Type: Regular (Long)
Leverage: Isolated (2.0X)
Amount: 4.6%

Current Price:
0.4051

Entry Zone:
0.4014 - 0.3618

Take-Profit Targets:
1) 0.4798
2) 0.5536
3) 0.6275

Stop Targets:
1) 0.2995

Published By: @TradingOn

ADA #ADAUSDT #Cardano #PoS #L1

Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +51.5% | +90.1% | +128.9%
Possible Loss= -43.0%
Estimated Gaintime= 3-4 months

cardano.org/

Trade active:

Entered entry zone

Trade closed: stop reached:

SL was hit with -1R

ADA lost 50MA support leading to a big sell-off, stopping us out before it turns even uglier.