$ADA /USDT BULLISH LONG SETUP – TECHNICAL ANALYSIS
$ADA /USDT is showing a strong bullish reversal on the 1‑day chart after a sharp dip to 0.4057. The price has broken above the 7‑period MA (0.4217) and is trading near the recent high of 0.4350, indicating momentum shift toward the upside. The moving averages are aligning in a bullish order (MA7 > MA25 > MA99), supporting the upward thrust.
*ENTRY*: Long entry on a confirmed close above 0.4345 (current candle’s high).
*TARGETS (TP)*:
1. TP1: 0.4500 – first resistance zone.
2. TP2: 0.4650 – projected Fibonacci extension level.
3. TP3: 0.4800 – ultimate bullish objective.
*STOP LOSS (SL)*: Place SL at 0.4200, just below the MA25 support, to protect against a reversal.
The chart’s candlestick pattern shows a bullish engulfing move after the low, and volume spike (91.56M ADA) confirms buying pressure. Trend indicators favor continuation of the upswing as long as the price stays above the moving averages.
*RISK MANAGEMENT*: Allocate 1–2% of capital per trade, set the SL at 0.4200 to limit loss, and use partial profit booking at TP1 & TP2 to secure gains and adjust the SL to breakeven.
#ADA #Bullish #LongTrade #TechnicalAnalysis #Crypto
