Cardano Short Opportunity amidst BTC uncertainty - H4 ButterflyADA had recovered slightly against the BTC and approaching the next sell level. Coincidentally, one of my favorite Harmonic Pattern - the butterfly pattern completes at the same area at Point D.What I also like about this setup is the confluence it has as shown in the Red Circle.
Most people will be caution to sell here thinking that a previous high or resistance level (506) is breached and price is going to trend higher. I like to challenge this thought by asking this - What is Buy Low Sell High? Do you sell when price is going down or when price is going up?
Entry - 526 to 540
SL: 563
TP1 - 475
Extended TPs - 447, 418
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