Cardano: Trade Opportunities in Bullish Market
I marked the previous buying opportunities just in order you could understand which setup you will need to wait for. Of course, there are different ways how to enter the market. But I share with you the setup which is based on the breakouts of the local trend lines in the range market and in the trend market conditions when we open long positions in the direction of the main trend.
What do we have now? The price made a good upward movement. Buying right now, it is a stupid idea even if the price jumps to the Moon. The price made a new high, which became a new resistance level. Now it is better to wait for a pullback to the support lines and levels and open long positions following the reversal signals.
The 1st support zone is formed by SMA50 and 0.10-0.09 levels. The price reversal from this zone can be used for buying. If you want to get an additional signal confirming the strength of buyers, wait for a breakout above the local downtrend line, like in the examples.
If the price drops below the support, the next support zone will be at 0.07 level and SMA100. Of course, in this case, we can follow the same setup.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
What do we have now? The price made a good upward movement. Buying right now, it is a stupid idea even if the price jumps to the Moon. The price made a new high, which became a new resistance level. Now it is better to wait for a pullback to the support lines and levels and open long positions following the reversal signals.
The 1st support zone is formed by SMA50 and 0.10-0.09 levels. The price reversal from this zone can be used for buying. If you want to get an additional signal confirming the strength of buyers, wait for a breakout above the local downtrend line, like in the examples.
If the price drops below the support, the next support zone will be at 0.07 level and SMA100. Of course, in this case, we can follow the same setup.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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