📢 Current Situation:$ADA
Price: $0.6385 — Just bounced back and is moving up.
Moving Averages:
MA(7) = 0.6358 (price is above it)
MA(25) = 0.6280 (bullish crossover)
MA(99) = 0.6300 (also broken to the upside — strong sign)
MACD: Bullish crossover (MACD line is above signal line).
RSI (6): 77.02 — This is in the overbought zone, meaning a short pullback could happen soon.
Support & Resistance:
Support: Around 0.6300
Resistance: 0.6507 (If this breaks, price can fly higher)
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Should You Enter Now?
Short-term: Risky to enter now because RSI is very high (overbought). A small dip can come.
Safer Plan:
Wait for a small dip (entry around 0.6300–0.6350)
Or wait for a confirmed breakout above 0.6510 with good volume
Use a stop loss around 0.6380 if entering on breakout.
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Let me know if you're planning a quick scalp or swing trade, and I’ll guide you accordingly.
