🚩ADA is down by -35% from its ATH and is in a permanent downtrend. A long and exhausting correction is making retailers want to sell, but we need to get the situation right. What does the chart currently shows? When to open a long trade? I will show a few scenarios that seem most likely to me.

On the chart I have marked out these liquidity gaps:
🔶$0,91-0,94
🔶$0,98-1,06
A liquidity gap is a price range where the price can’t stay for a long time due to the lack of buyers and sellers. That is the reason why the price breaks it so easily without any resistance.

To open a trade, we need to see signs of bulls’ strength:
🔥false breakout, liquidity collection, stop loss hunting in the $0.79-0.82 value zone
🔥increased volumes after liquidation
🔥squeezing under the trend line

🎯Targets:
$0.9
$1.07

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P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.