🚀ADA: does it reach these targets?

3 มิ.ย. 2022

Cardano reached my second take profit. After such a strong momentum movement overtook XRP in the list of the largest cryptocurrencies and took 6th place.

🚩What are the preconditions for a local correction?
🔶Breakout of the trend line and test it as a resistance.
🔶Rising volumes on the previous momentum. Indicates that a major player made a big sell-off.
🔶Weakness of altcoins to the Bitcoin.
🔶Bitcoin weakness near the 30K level.

🔥Fuel for the fall, will be traders who bought Cardano on rising momentum. In case of fall they will close their longs at loss and pushing the price down.

📊Targets:
0.51-0.54 - local target
0.45-0.47 - possible target

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.