Strong selling Pressure on ADAUSDT.

2022年1月7日

Hi everyone!
Daily"

ADAUSDT Short Still below 50MA.
RSI is in over sold area but there is a strong selling pressure in the market. Also close to local support mentioned on my previous chart, If drop from $1.17 We could see it provably going back to $1 Support

ALWAYS look for extra confirmation on any trade "Do not over trade Long or leverage on markets like this". Death Cross also has a lot of pressure at moment.

"I still would personally hold on any long positions until we ether confirmation of a new support.

Happy trading people

(No financial advice)
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