Cardano Update
the price took the weekly high first and after that, it took the daily high as well and broke the daily towards the downside. Still, it failed to sweep the external weekly liquidity so I'm expecting the price to do that so I set a limit order at the extreme zone and targeted a 1:2 RR and stop loss above the recent high to see if we tap into the trade or not. either way, it is a pretty good position if it works out
Note
if the price takes out the weekly low before reaching our limit order, it's not gonna be valid anymore because the price has no reason to come down and it will probably gonna show a bullish structure after that so keep that in mind.
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.