Cardano / TetherUSShort
Cardano At The Top | Short Opportunity
Updated
Due to today's CPI data, the crypto & stock market reacted with some volatility. ADAUSD profited from this situation and maintained a strong upwards trend throughout the day. The price is currently in the overbought area and is already showing some signs of weakness.
I took a short position one hour ago (10x) and I will keep this position for the next few hours.
This should end up as a pullback instead of a trend-reverse, therefore my target is located at the previous horizontal resistance.
My stop-loss is above the previous high - once we reach this level, we're likely going to see another high for today.
Trade carefully. Also, feel free to check out my bio for my crypto trades.
Cheers,
ARESABI
I took a short position one hour ago (10x) and I will keep this position for the next few hours.
This should end up as a pullback instead of a trend-reverse, therefore my target is located at the previous horizontal resistance.
My stop-loss is above the previous high - once we reach this level, we're likely going to see another high for today.
Trade carefully. Also, feel free to check out my bio for my crypto trades.
Cheers,
ARESABI
Trade active
Trade closed: stop reached
Strategies, Insights & Education: t.me/KOLAcademy
Related publications
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.