BITTREX:ADABTC   Cardano / Bitcoin

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!!


评论: Forgot to add, look at RSI level :)
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