Looks like ADA has pulled a sneaky move on traders🕵️
đź’Ž Paradisers, it seems that #ADA has trapped traders who entered based on the breakout of the cup & handle pattern.
đź’ŽNevertheless, should #ADAUSDT breach above the previous high, we may anticipate a bullish move, especially considering the bullish market structure signaled by CHoCH & BOS.
đź’ŽIn the event of a pullback, we could foresee a bounce from the demand level.
đź’ŽHowever, if the price breaks down below the demand level, it may be viewed as bearish, particularly due to CHoCH towards bearish structure. In such cases, it might be advisable to execute scalp trades or abstain from trading, especially for those new to trading.
đź’ŽNevertheless, should #ADAUSDT breach above the previous high, we may anticipate a bullish move, especially considering the bullish market structure signaled by CHoCH & BOS.
đź’ŽIn the event of a pullback, we could foresee a bounce from the demand level.
đź’ŽHowever, if the price breaks down below the demand level, it may be viewed as bearish, particularly due to CHoCH towards bearish structure. In such cases, it might be advisable to execute scalp trades or abstain from trading, especially for those new to trading.
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