If you are looking for a trade in $ADA
I have tried to make entry exit strategy for CARDANO LONG. But given the market scenario. I would suggest you to your back testing as well. As it's not a financial. It's just my reading of the chart.
Cardano had a crazy run until last week. But it is in a consolidation after a bull run. Now, if the supply zone is broken, the price may rise to 3.38 USD.
Here, after breaking the all-time high level of 2.4705, the price came back to test it and survived. It must now act as good support.
If the supply zone breaks, the target would be XABCD bearish crab...
For 2-3 days the daily volumes have been lower in Cardano token and majorly in most of the crypto tokens. This may be an indication for longs going for profit booking and a right opportunity to enter the rally in case you have missed it.
The sentiment is bullish, so try booking your profit and trail SL in case you try to short ( risky move). Wait for the 1.96lvl...