It’s time to stop being a Cardano holder (1W)

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The large-degree correction of Cardano began from the point where we placed the red arrow on the chart.

For now, this correction appears to be an ABC pattern, where wave B formed an expanding triangle that has already completed.

It is expected that the price will remain bearish for several months until wave C of the larger degree develops.

A weekly candle close above the invalidation level would invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

Penafian

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