$ADAUSD reached a solid short-term high early yesterday, but then saw a reversal lower demonstrated which sets the table for an intriguing day ahead. Forex Cryptocurrencies
ADA/USD is slightly above the 1.18100000 level as of this writing and yesterday’s early highs in Cardano saw a mark of nearly 1.2633000 flirted with briefly.th
However, claims of getting in at lows and selling at highs are harder to prove than simply say. Timing the markets at apex lows and highs remains a dangerous temptation for traders and one that can often prove expensive. It is frequently much better to find a solid trend and take advantage of the price movements and not be overly ambitious regarding targets.
Traders need to understand though that ADA/USD moves quickly and its ability to produce volatility needs to be captured using entry price orders and practicing solid. If the 1.20000000 is broken higher, trader may aim for yesterday’s highs, but placing take profit orders near the 1.22000000 juncture could be worthwhile too.
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