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.
📊 The 1st scenario is a long after the liquidity collection below the triangle. The preconditions to open a long are: 🔥 false breakout of the triangle 🔥 the liquidity collection below the $0.4 key level. 🔥 volume growth which confirms the whales pressence 🔥 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.
📊 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: 🔥 test of the lower boundary of the triangle as the resistance 🔥 DOM and Footprint show huge SELL orders 🔥 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.
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