Cardano's Path to $0.55 (21% Short-Term Target)

16 Jul 2022

We had some drawdowns with Cardano before but this is part of the game.

You can have a good trade do bad just as a bad trade can do good.

This is a good setup and the previous ones but the market can turn that's why we define our risk and use a stop-loss.

One can only lose a maximum of 100% on a trade.
The upside potential (the profits potential) is unlimited...

If we use a 10-20% stop, we improve the odds in our favor and that is what technical analysis is for...

For us to put the odds in our favor and be able to make better decisions as to when to sell, when to hold.

You can find the targets on the chart.

The black arrow is for illustations purposes only.

It rises, corrects in higher low and continues rising...

The last low is always the stop.

Spot trading is basically risk-free as we are bottomed out/near support.
Leverage is high risk but also high potential rewards.

Namaste.