CARDANO, three basic scenarios that will tell you what to do!

6 янв. 2022 г.

The ADA is in a local range between $1.48 and $1.2.
In last idea, we said that squeezing and breakout a key level would be a good buying opportunity. But the price has never been able to break the key level. After that, the whole market corrected.

Now the price is also near an important level (the lower boundary of the trading range), which acts as support.

Now we will highlight 3 main scenarios for buying ADA:
- first scenario: compression and breakdown of the lower boundary of the trading range, after which there may be a good opportunity to sell
- second scenario: in case of false break-down of the lower boundary of the trading range it is better to close your positions and open a buy position
- third and best scenario: if the correction continues, the liquidity zone marked below may also be the best opportunity to buy.

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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.