Cardano to Rekt City. 0.3950 Likely todayCardano is currently bearish from weekly all the way down to 1hr timeframe.
Therefore probability for further selling is quite high since everyone is selling.
I'm waiting to get an entry confirmation in this area around $0.415
My target is $0.3950. Depending how structure develops in the next hr or so might be able to get a 4.5-5RR trade setup.
This trade aligns with my trade plan which is profitable and average at least 60% hit rate when followed fully.
I trade based on market structure, candlestick analysis, trend, support and resistance, specific times of day and volume analysis with occasional chart patterns,fib, and 50 sma confluence.
The goal is to short Lhs and long HLs. This ensure the odds are in my favor always with good risk to reward and fixed risk % for consistent profitability.
I'll post here in the comment when I enter the trade if it's still valid.
