š $1,000 to $10,000 Challenge! š° I'm taking on an epic futures trading challenge: turning $1,000 into $10,000 in UNDER 30 days! š Follow me for updates, trades, and tips as I share my journey soon. Donāt miss outājoin me and letās crush it! š„ #CryptoChallenge #FuturesTrading #Binance
First day was hard trade, a lot of manipulation in market because of the weekend ( low volume) Trade1 : -65 usdt Trade2: -110 usdt Trade3: +284 usdt Have a nice week end and good trading. We will stop till tomorrow for more trades. Want to improve your trading game? Click here to explore and copy effective strategies from my portfolioš $ETH $SOL #BTCāļø
š $1,000 to $10,000 Challenge! š° I'm taking on an epic futures trading challenge: turning $1,000 into $10,000 in UNDER 30 days! š Follow me for updates, trades, and tips as I share my journey soon. Donāt miss outājoin me and letās crush it! š„ #CryptoChallenge #FuturesTrading #Binance
Analysis of $ADA (1H) - Probable direction: š» DOWN
1. Technical analysis
ā Overall bearish trend ⢠The price is below the central moving average of the Bollinger Bands (MA: 0.7086), a sign of a still weak market. ⢠The bounce attempt was rejected below 0.7182, indicating selling pressure.
ā Bollinger Bands are widened ⢠The price touched the lower band (0.6894), which triggered a bounce. ⢠But the upper band is pointing downwards, indicating that the trend remains bearish.
ā RSI and Stochastic show a limited bounce ⢠RSI(6): 60.95, RSI(12): 48.46, RSI(24): 45.36 ā Slight bounce, but still below 50 in the overall trend. ⢠Stochastic K: 70, D: 59 ā Possible imminent overbought on smaller time frames.
2. Fundamental factors & global context ⢠Geopolitical tensions (Yemen) ā Possible strengthening of the dollar (DXY) ⢠Retail Sales to watch (if the number is positive, the dollar rises, crypto falls)
Conclusion: SHORT
š ADA has bounced but remains under selling pressure. š Strong probability of a rejection and a new decline towards 0.6900 or lower.
š» I favor the decline (DOWN). You can monitor 0.6900 as the first target, and adjust based on DXY and BTC.