Hey everyone, after closely monitoring the currency movement on the 15-minute timeframe, there are some signals we need to pay attention to today. I won’t hide it from you, all the technical aspects are almost screaming 'Sell!'. If we focus a bit on the indicators, we will see the following:
First, when you see most moving averages (which we call trend lines) indicating strong sell signals, this is not something we can easily overlook. Almost all averages, whether short or relatively long, are pushing the price downwards. This alone gives us a strong indicator of the overall trend.
The price of Cardano has risen significantly today by over 2.89% and reached $0.7297. This indicates strong buying momentum and great interest in the currency.
The trading volume over the past 24 hours exceeded $125 million, which means there is active movement in buying and selling the currency.
If the price of ADA surpasses $0.07297, it may exceed $0.75 and then rise to reach stronger support levels..
ADA has become attractive due to this rise and the great confidence in speculation, but my friend, caution and careful attention are necessary if the price dips and breaks support levels, as this could indicate a change in trend..
In summary, Cardano is experiencing an interesting rising period, and there may be good trading opportunities for those looking for strong price movements...
Remember, this is not a recommendation.. Do your own research and let me know your opinion.
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✅ What is a "Stop Loss"?
It is a pre-set automatic sell order that is triggered when the asset price reaches a certain level, aimed at limiting potential losses. For example:
You purchased an asset at a price of $100. You set a "Stop Loss" order at $90. If the price drops to $90, the sell order will be executed automatically, limiting your loss to a maximum of 10%.
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