Zooming out escapes the chaos.
Chaos is noise, data is signal.
Plenty of support near the blue box, even though unfavorable in the short term.
We’ll be ok! Enjoy the pullbacks as it makes the rebound that much sweeter.
My current perspective is simple.
The market flips supply into demand
OR
The market taps into demand.
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While there can be trades taken between levels with proper risk management, these zones should provide the best setups.
It’s okay to swing and miss; again with proper risk management.
I am long term bullish & short term bearish.
Here is the current 4 Hour range within the 1st zone I was looking for.
Personally, I still see more downside as bears are still in control. There is potential for a breakout on the 4HR but confirming congruence on the Daily has me hesitant as the Daily Timeframe would still hold a downward trend.
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Diving further into the structure of...
Sui is bullish so long as the green box holds.
Looking for a BOS/CHoCH on the 4HR. Until then we’re holding tight as further downside should be expected.
Stay safe out there my friends!
Cardano Weekly Timeframe is still bullish.
This would be a great place to manage some risk.
What I’m looking for is price to at least touch the green box and then show a break of structure to the upside on the 4HR. Until then don’t catch a falling knife. Patience.
Structure is still bullish on a weekly timeframe.
Looking at these areas to manage risk.
Once the market shows signs of reversal on a lower timeframe it’s hammer time.
What is hammer time?
A bullish Break of Structure or Change of Character on a timeframe of 4HR or above. Until then I am patient.
