CardanoShort
ADA | Trap or not ?
Here are some facts we all know :
• An ascending channel has been formed for a few days
• We have a resistance close to us that does its job well and resists 😅
• We also have a support that is probably the stopping point of many of us
What I think happened :
• price reaches the support line and crosses it
• My reason is that there is good liquidity for the market leaders in that area.
• Now that the market sentiment is negative and traders are selling more, it can accumulate a lot of volume by passing support.
I am also waiting for the-hero signal
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Like if we are on the same side
Leave a comment, if you want, we can argue with each other 😅
Follow me if you like my not-so-logical ideas
• An ascending channel has been formed for a few days
• We have a resistance close to us that does its job well and resists 😅
• We also have a support that is probably the stopping point of many of us
What I think happened :
• price reaches the support line and crosses it
• My reason is that there is good liquidity for the market leaders in that area.
• Now that the market sentiment is negative and traders are selling more, it can accumulate a lot of volume by passing support.
I am also waiting for the
-----------------------------------------------------------------------------------------------
Like if we are on the same side
Leave a comment, if you want, we can argue with each other 😅
Follow me if you like my not-so-logical ideas
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.