I really like this entry point for 3 reasons.
1) ADA bounced off and found support at the previous low. Note: previous low was due to sell off in crypto market, not so much an isolated problem with Cardano. Previously, when ADA hit this support level, the upward trend/recovery drew significant volume(obviously). This illustrates the potential
for large margins if executed correctly.
2) Very little downside risk of purchasing at this level, especially if trading with a stop loss.
3) FEB 28th meet up event with Bruce Milligan will likely get priced in between now and then causing upward price action.
Happy trading everyone!!
PRAY TO VOLUME GODS!!
Commento:
Forgot to add, look at RSI level :)