COIN NAME: $ADA
POSITION: LONG
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This is a 1-hour chart of the Cardano (ADA) / Tether (USDT) perpetual contract on Binance. The chart highlights an inverse head and shoulders pattern, signaling a potential bullish breakout. A neckline is drawn, with price nearing breakout confirmation. RSI at 63.83 suggests moderate bullish momentum but not yet overbought. A breakout may trigger further upside.
This 1-hour chart of the total crypto market cap (excluding BTC and ETH) shows a symmetrical triangle pattern, signaling potential breakout direction. The price is testing the upper trendline, suggesting an imminent move. A breakout above resistance may indicate bullish momentum, while a rejection could lead to further consolidation or downside movement.
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Trade Setup:
Entry: Market price (6923)
Target Price : 72, 74, 76,
Leverage: 8x
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