š„ Hi friends! CARDANO is the weakest altcoin I have seen in the last weeks. It makes some pullbacks but we can't even mention some break of trend or consolidation.
I think that after the upcoming pullback to the $0.27 key level or to the $0.284-0.287 value area, Cardano can dump at least to the $0.25 key level.
š THE PRECONDITIONS TO OPEN A SHORT:
1. false breakout of the $0.27 key level
2. volume growth at highs
3. bearish BTC is a must-have for altcoins dump
š© If the price won't make a pullback and go straight to break the resistances with BTC, I already marked the most important areas where you have a chance to close your longs in a good profit.
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THE SHORT TARGETS:
š„$0.25 - key level and local low
š„$0.2 - key level and even number
š„$0.182 - key level
Traders, is Cardano have a chance to survive in a such doomed bear market? Write your thoughts in the comments!
š»Friends, press the "boost"š button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.