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The price is trading below the resistance level, forming a descending structure with multiple rejection points. A strong support zone has been identified near $3,095. Potential short setup with SL above $3,589 and TP1 at $3,343, TP2 at the support area. Watch for a bearish breakout confirmation,
Note: This analysis is for educational purposes and not trading advice. Consider market conditions and strategies.
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the ADA/USD “Cardano vs USD” Crypto market. Please adhere to the strategy I’ve outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
Entry 📉 : New Entry Traders / Robbers should enter a short trade after the breakout of Blue Moving Average Level,
however I advise placing sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest high level should be in retest.
Stop Loss 🛑: Using the 3H period, the recent / nearest high level.
Goal 🎯: 0.6500
Scalpers, take note : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰.
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Take advantage of the target and get away 🎯 Swing Traders Please reserve the half amount of money and watch for the next dynamic level or order block breakout. Once it is resolved, we can go on to the next new target in our heist plan.
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