Long Opportunity for ADA Cardona
Updated
Market Status: Consolidation for short term (monthly), uptrend for long term(yearly)
Its fair that the price and the open interest of ADA has dropped approximately 60% which is the same level of January 2024. Therefore a retracement is highly possible to the middle point of consolidation box. The trades will proceed in inverse perpetual which 30% of total fund will deploy and 2x leverage will be use.
Risk Alert: this trade is risker than the previous ETH trade, if the price remains in consolidation status by the end of this month, this position will be close. In contrast, if the price back to the middle level, 70% of the position will be taken profit. And all the taken ADA profit will be hold until the end of 2025.
Its fair that the price and the open interest of ADA has dropped approximately 60% which is the same level of January 2024. Therefore a retracement is highly possible to the middle point of consolidation box. The trades will proceed in inverse perpetual which 30% of total fund will deploy and 2x leverage will be use.
Risk Alert: this trade is risker than the previous ETH trade, if the price remains in consolidation status by the end of this month, this position will be close. In contrast, if the price back to the middle level, 70% of the position will be taken profit. And all the taken ADA profit will be hold until the end of 2025.
Note
Trade close but overall set up still valid, just the entry signal is invalid. Will be waiting for another entry signal in smaller timeframe.
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