Cardano bulls likely to falter at $0.375 again

2023年5月13日

Possible short-term range formation after a strong ADA move downward from $0.42 that began in late April.

Range extremes are at $0.373 and $0.348. The range highs coincide with a bearish OB as well.

A sweep of liquidity just above $0.375 was a possibility that bears must be careful of.


Entry: $0.369 (aggressive, more cautious traders can wait for rejection from $0.373)

Take-profit: $0.349 (just above range lows)

Stop-loss: $0.3777 (a wider stop-loss at $0.38 can also be considered)

R:R- 2.45

2023年5月17日

註釋

while rejected from range highs, the bulls defended the mid-range mark well