The BUY volume on Cardano is high right now. it actually has the 3rd place in the buying volume.
It's been rejected by the resistance 2-3 times in the past few hours but still hasn't been through correction.
We might see a price dump but if you're into opening long positions you must way until the breakout confirmation.
That happens right after the first closure of a 4H candle above the resistance area as I've shown on chart.
Then you can start long positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
It's been rejected by the resistance 2-3 times in the past few hours but still hasn't been through correction.
We might see a price dump but if you're into opening long positions you must way until the breakout confirmation.
That happens right after the first closure of a 4H candle above the resistance area as I've shown on chart.
Then you can start long positions.
⚠️ NOTE: This usually happens when a coin gets hot on crypto platforms: it might go down by a little and then get back up to a new high.
Good Luck 🎲
Tell me your ideas. Like and Share 🗣✅
