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After two successful Cardano short calls I think we are still not done yet. There is bigger triangle breakout target @ 0.19 which is -27% from current price therefore I'm letting part of my early shorts still in play. As always, don't chase the market. Actually we are sitting at support zone so bounce up and some sort of consolidation before next leg down would be no surprise.
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Just quoting the original description of this idea: "Actually we are sitting at support zone so bounce up and some sort of consolidation before next leg down would be no surprise."
@saynab44, yes still holding one short position from 0.4545 (still in profit) with SL @ 0.4931, but yesterday went long (hedged) in the meantime, already closed that one in nice profit, and now net short again. May hedge again if I see another long setup. Price now headed to triangle apex which should act as strong resistance around 0.4040.