Take a look on the volume indicator. The volume bars are always growth at the bottom. The whales buy a lot of Cardano and I think it will go up after this liquidity collection below the key level of $0.4.
Also we need to see the clear uptrend (HL+HH) to open nice swing with some global targets. Now the price of Cardano as the most of altcoin is consolidating and its good times for scalpers (to make a profit on the small movements) and for the big players (accumulate long-term positions in altcoins to sell it to retail traders at the next ATH).
📊 The preconditions to open a long on Cardano: ✅ liquidity collection+volume growth 🔥 squeeze to the trendline 🔥 bullish BTC of course
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