đ„How to trade this HUGE triangle on ADAâ
Hi friends! I don`t even image how large will be the movement after such BIG triangle breakout! We must not miss the entry point, so I have 2 scenarios for you to pay attention to.
đ The 1st scenario is a long after the liquidity collection below the triangle. The preconditions to open a long are:
đ„ false breakout of the triangle
đ„ the liquidity collection below the $0.4 key level.
đ„ volume growth which confirms the whales pressence
đ„ bulish BTC help altcoins easilly make +50-100% in a week after such the manipulation
If this scenario confirms, the price of Cardano reach at least $0.5-0.6-0.7 key levels.
đ The 2nd scenario is the short one. After the pullback the price return to the lower boundary of the triangle. It`s the $0.44-0.45 value area. Here we can idetify the reversal point. The preconditions to open a short are:
đ„ test of the lower boundary of the triangle as the resistance
đ„ DOM and Footprint show huge SELL orders
đ„ bearish BTC pull all alts DOWN
The ADA will fall to $0.25-0.3 area If this scenario happen and the whales decline to support the price.
đ©DOM and Footrpint scalping tools also help you to find the bottom and reversal point od the Cardano or any other crypto. There are really usefull instruments to identify the big players and open a trade in the same side with them.
The triangle is start forming from the beginning of May till today so such BIG patterns breakouts of false breakouts lead to the huge price movements.
Now you have 2 scenario and just need the enter a trade at the right time.
đ»Friends, press the "boost"đ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
đ The 1st scenario is a long after the liquidity collection below the triangle. The preconditions to open a long are:
đ„ false breakout of the triangle
đ„ the liquidity collection below the $0.4 key level.
đ„ volume growth which confirms the whales pressence
đ„ bulish BTC help altcoins easilly make +50-100% in a week after such the manipulation
If this scenario confirms, the price of Cardano reach at least $0.5-0.6-0.7 key levels.
đ The 2nd scenario is the short one. After the pullback the price return to the lower boundary of the triangle. It`s the $0.44-0.45 value area. Here we can idetify the reversal point. The preconditions to open a short are:
đ„ test of the lower boundary of the triangle as the resistance
đ„ DOM and Footprint show huge SELL orders
đ„ bearish BTC pull all alts DOWN
The ADA will fall to $0.25-0.3 area If this scenario happen and the whales decline to support the price.
đ©DOM and Footrpint scalping tools also help you to find the bottom and reversal point od the Cardano or any other crypto. There are really usefull instruments to identify the big players and open a trade in the same side with them.
The triangle is start forming from the beginning of May till today so such BIG patterns breakouts of false breakouts lead to the huge price movements.
Now you have 2 scenario and just need the enter a trade at the right time.
đ»Friends, press the "boost"đ button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
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