IS THIS THE BEST TIME TO BUY ADA? Vasil Hard Fork June 29thEarly this year, I mentioned in my analysis that ADA might go to $0.3 support range if BTC goes to $28K or below, and it did happen.
I have accumulated a lot of positions when it reached $0.4 a couple of weeks ago, and congratulations if you have done that as well.
I also mentioned why $0.3 is a very good spot to open long positions, and there are milestones that can be taken into considerations.
One of these milestones is happening at the end of this month, the Vasil Hard Fork.
ADA has done some hard forks previously, and all of them moved ADA price up quite significantly, so it is very likely that this will also happen this month.
Though, I really doubt it can go anywhere near the ATH, let alone making a new ATH, this is beyond hope at this moment. (but hey, nothing is impossible, so be ready to adjust your TP/SL if this actually happens, be versatile, embrace changes)
One thing that I have to mention if you want to open some long positions with leverage (personally, I might open some 20x longs), the price will usually go down a couple of days after a hard fork, so don't marry your leverage. If you want to hold ADA for a long term, just do that in normal spot trading without leverage, as the current market condition is very uncertain, and it can easily wipe your account if you are not good at managing SL/TP, or if you use more margin than what you can handle. Also, don't forget to take profit regularly, don't be greedy, trade responsibly.
Good entry positions: $0.3 - $0.5
SL: $0.27
TP1: $0.6
TP2: $0.9
TP3: $1.2
TP4: $1.5
TP5: $1.8
- DISCLAIMER -
This is not a financial advice.
Always do your own research before doing a trade.
Your money is your own responsibility.
- DISCLAIMER -
