🚀 LONG Setup: ADA/USDT – Cardano ($ADA) on 3‑Day Chart
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🌟 Current Price & Momentum
Cardano is trading around $0.82, showing signs of bullish momentum within a medium-term uptrend . Over the past month, ADA has gained nearly +28% (~$0.60 → $0.82) . The 3‑day timeframe shows price action consolidating near support—ideal for a long entry.
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🎯 Trade Setup – Targeting $1.50–$1.70
Bias: Long (Bullish) 📈
Entry Zone:
Buy on a dip toward $0.78–$0.80, preferably after a bullish 3‑day candle closes above these levels.
Stop-Loss:
Set below the recent swing low at around $0.75–$0.76, to protect capital if support breaks.
Profit Targets:
Target 1: $1.50 – aligns with prior overhead resistance and represents ~+83% upside.
Target 2: $1.70 – a stretch target if broader crypto rally continues, offering ~+107% from entry.
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🔍 Why This Setup Works
Consolidation near support: Price is stabilizing around the 3‑day mid‑range—losses seem limited, upside potential strong.
Strong fundamentals: Cardano’s upcoming network upgrades, growing DeFi and smart contract adoption, and visible developer activity are boosting sentiment.
Macro backdrop: Broader crypto bounce has already powered ADA from ~$0.60 → $0.82—this long setup catches the next leg.
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🛣️ Path to $1.70
1. Short-term (2–4 weeks): Look for a push to $1.00–$1.20 once entry confirms.
2. Mid-term (1–3 months): Breakout above $1.20 could trigger a strong move toward $1.50.
3. Extended: Sustained market momentum could carry ADA to $1.70, nearing previous cycle highs.
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🧠 Final Thoughts
This is a bullish long setup with controllable risk. Positioning near $0.78–$0.80, using a tight stop around $0.75, and targeting $1.50–$1.70 offers strong reward/risk. Scale in and consider trailing stops as price moves higher. Want to explore on-chain signals or similar opportunities? Just give a shout!