Hello friends! We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce. This scenario should play out within 1-2 days.
Please use proper risk management and a stop-loss level according to your personal risk profile. I'm available on our monetæ Trading Telegram Channel as well as on Twitter - Feel free to join me! The links are in the signature.
cheers, cryptobuller
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