ADA, as the other crypto pairs, has changed direction from north to south as BTC crashed down; the Crypto market now looks bearish and the US Dollar strong so i would not buy until a good spot open up, I would open a small long position at two main support line, off course if ADA gets down there, at 0,447 and 0,437 depending on volume and reaction at that level, i would always preferred to buy a bounce off the line not just a touch as i would go against the trend or the market momentum, so better to get a confirmation ; starting trade could be 25% of position
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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.