How’s it going Alkalites? We have prepared this manipulation set-up on Cardano!
As you can see, after the big pump, there is an imbalance that needs to be filled, just like with Dogecoin. However, Cardano was slightly undervalued against Dogecoin, that’s why we think that lured sellers have not been liquidated yet.
If the overall market volume follows our projection and FOMO doesn’t attack again, we could see this imbalance being filled sooner or later. We will try to place shorts near the lured SLs if whales prepare a liquidation event.
Also, our main intention sharing this chart is to show you where big chunks of orders should be waiting. It would be interesting to consider purchases near the FOMO OB after the imbalance gets filled (being manipulated or not). We think that Cardano needs to gather some liquidity below the $3 psychological level to start climbing up again.
Do you have questions about this analysis? Let me know!
As you can see, after the big pump, there is an imbalance that needs to be filled, just like with Dogecoin. However, Cardano was slightly undervalued against Dogecoin, that’s why we think that lured sellers have not been liquidated yet.
If the overall market volume follows our projection and FOMO doesn’t attack again, we could see this imbalance being filled sooner or later. We will try to place shorts near the lured SLs if whales prepare a liquidation event.
Also, our main intention sharing this chart is to show you where big chunks of orders should be waiting. It would be interesting to consider purchases near the FOMO OB after the imbalance gets filled (being manipulated or not). We think that Cardano needs to gather some liquidity below the $3 psychological level to start climbing up again.
Do you have questions about this analysis? Let me know!
