Cardano Long Liquidated at $0.935 — Bearish Momentum
I had a long on Cardano (ADA) that was liquidated; my average entry was $0.93531 and the position size was $376,243. The trade was stopped out by a sharp move against me.
This is a clear reminder of ADA's volatility and the importance of tighter risk controls — I need to master my risk management to avoid repeat losses.
Analysis
Recommendation
I recommend avoiding new long exposure and reducing leverage. Wait for clear stabilizing signs or confirmed support before considering re-entry, and enforce tighter risk limits.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.