Two days ago 99% of Square was shouting it's the end of the world. Many got liquidated, many panic sold and sadly very few bought into this opportunity. Now that the prices have risen considerably, I suppose that many are buying in: WRONG AGAIN!
Price has been appreciating for 19 hours and it is not clear yet if $BTC is going above 100K or down to 90K. 19 hours is a substantial period on H1 therefore the probability of a pullback or a continuity of the downtrend is now very high. I believe we are on a H4 downtrend and this is just a temporary rise but instead of taking bets I am reducing my risk and waiting for the confirmation.
If you are a gambler, I suppose you would just go all in now. If you are a trader and you know about risk management you would now secure some of your profits and wait for the market to give you a confirmation.
🔹 Strong Bounce at $0.996: ADA price has shown resilience, bouncing strongly from the $0.996 level. This could signal a potential upward move.
🔹 Ideal Buy Zone: If you're looking to buy, $1.02–$1.04 appears to be a solid accumulation area. Waiting for slight dips to this range could provide an advantageous entry point.
🔹 Target Potential: The expected target for this upward move is $1.23. If the bullish momentum continues, this could offer a lucrative short-term gain. ✅
🔹 Caution: While the signs are promising, patience is key. We’re monitoring this closely and will share a more confirmed call soon. Always remember to manage risk effectively.
Stay tuned for updates, and don’t miss the opportunity to capitalize on ADA's movement.
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