ADA is on need for recovery, it's very long bearish trend has not a single spike for a while. My 1.618 Fib circle, one of the strongest, got hit and it's usually respected in the first hit, so a minor spike can happen here. There is other outer 1.618 Fib circle very close, so the probability is not all that good. As always, use risk management to get out quickly and have good risk return ratios.
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The probability was really low with a larger support very close, so ADA didn't produce not a single spike on the inner support, it just signaled more bear action to the very wide one
I'm new to investing. Could you help me out with a few keywords on risk management, for doing a Google search (which is usually how I learn new stuff) :)