$ADA
• Entry: Watch for a price retracement to the area of 0.678 – 0.685 (old Kumo cloud peak area)
• Stop Loss: Above the area of 0.698 (to avoid getting caught in false breakouts)
• Take Profit 1: 0.640 (short-term support zone)
• Take Profit 2: 0.610 (strong support zone that has been tested multiple times)
• Expected R:R ratio: About 2:1 or higher if the price breaks strongly through the TP1 area
⸻
📊 Technical Analysis and Strategic Logic:
The ADAUSDT chart on the 4H frame shows: