pennygene

Buy ADA. Lose deposit. Greed won't let you close your position.

BINANCE:ADAUSDT   Cardano / TetherUS
How much more can ADA grow?
If you look at all the previous movements of this asset you may notice, it won't grow 1000 times. Perhaps it will grow by another 60-70%. This idea can't be confirmed by anything, it's just likely.

But the bulk of people are buying this asset now. (if you can call it like that). There is a high probability that these traders may not have a chance to sell theirs ADA coins before the fall.

The nearest support area is $0.37-0.38
Risk/Reward less than 1. (Such a Risk/Reward is called gambling.)
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Comments

Finally someone who sees ADA how I see it, overbought and due for a major correction.
Adding a big positions now is a huge gamble and a lot of people wont see if coming
I don't think it's worth the potential of a 70% max gain but greed is a powerful emotion that will trick a lot of people to go long
+4 Reply
pennygene motion2082
@motion2082, Greed is something that has always been in any market, in any trade. and in fact, buying this asset is very risky now

Well, whoever wants to buy this asset, let them do it, sellers also need liquidity :)
Reply
People with 3 digit IQ won't sell any of their ADA for less than a dollar.
+1 Reply
pennygene P0ltergeist
@P0ltergeist, We don't get attached to a specific coin like ADA. We just believe in statistics, our analysis, and TA. In the case of our idea about ADA, we focused on a bad Risk/Reward ratio.
If these people have a 3 digit IQ, then why don't they follow the BASIC rules of risk management?
Reply
I had a similar idea and was met with a lot of criticism too but I think the market will show that we are both right ;).
+1 Reply
pennygene bowtrix
@bowtrix, high five bro, the market will prove that we are both right
Reply
Great information, thank you ;)
+1 Reply
pennygene StevesTradingV
@StevesTradingV, You're welcome.
Reply
Very good volatility incoming, thanks for sharing.
+1 Reply
pennygene VincePrince
@VincePrince, Yes, you're right. thx
Reply
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