Intraday view for Cardano (ADA) / USDT
Current price: ≈ 0.56 USDT.
Recent range: 24 h low about 0.54, high about 0.58.
Price remains near a short‑term support zone (~0.55‑0.56), showing some consolidation.
Bias: I lean long (expecting a bounce) with a cautious stance. Rationale: holding near support gives a possible low‑risk entry, though overall trend is weak.
Trade setup:
Entry: 0.56 USDT
Stop‑loss: 0.53 USDT (risk ~0.03, ≈ 5.4%)
Take‑profit: 0.64 USDT (target gain ~0.08, ≈ 14.3%)
Notes: If price breaks below 0.55 decisively, consider abandoning the long and possibly switch to short. But for now, support holds for a bounce scenario.$ADA
ADA
0.5213
-7.96%