ADAUSD | Long Bias | Watching for Fundamental Catalyst + Order Flow Shift | (April 16, 2025)
1️⃣ Short Insight Summary:
Cardano (ADA) has been trending lower recently, but some signs of institutional interest—possibly linked to the Fed and broader sentiment—have caught attention. We're watching for a shift in momentum and potential catalysts to support a reversal.
2️⃣ Trade Parameters:
Bias: Long (with caution)
Entry: Gradual DCA (Dollar Cost Averaging) from current levels
Stop Loss: Based on local support breakdown (adjust to personal risk tolerance)
TP1/TP2: To be confirmed on structural change / fundamental catalyst
Partial Exits: Can consider trimming on relief rallies or positive Fed/trending news
3️⃣ Key Notes:
There have been large spot buys recently, followed by a quick fade—suggesting short-term profit-taking or weak follow-through. Selling pressure has returned over the past few days, which is not ideal, but not unusual in uncertain macro conditions. Any confirmed connection with the Fed, political figures like Trump, or other major catalysts could drive renewed upside interest. Until then, caution is key. Keep risk tight and consider smaller position sizes.
4️⃣ Optional Follow-up Note:
Will monitor price action and macro developments closely for potential updates to this idea.
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Disclaimer: This is not financial advice. Always conduct your own research. This content may include enhancements made using AI.
