$ADX / USDT ā Riding the Bullish Wave! š
$ADX is currently trading at $0.0948, showcasing a strong upward trend with a +3.04% gain. The 4-hour chart clearly illustrates consistent higher highs and higher lows, indicating sustained bullish momentum.
š Potential Long Trade Continuation:
* Current Price: $0.0948
* Potential Entry: Consider adding to your position or initiating a long trade on minor dips, looking for support around $0.0940.
* Initial Take Profit (TP): $0.0965 (testing the 24-hour high)
* Further Take Profit (TP2): Aim for psychological resistance at $0.1000.
* Stop Loss (SL): Place your stop loss below the most recent swing low, around $0.0925, to safeguard your position.
š„ Outlook:
The strong bullish price action, supported by a healthy 24-hour volume of 11.42M $ADX , suggests that the upward trend is likely to continue. Keep an eye on volume confirmation for sustained momentum. However, remember that even strong trends can experience pullbacks. Manage your risk wisely!
