1. Current situation and key levels
- ADA price: $0.7156 (according to Bybit).
- Support: $0.69 (important level, losing which may lead to a correction to $0.63–$0.58).
- Resistance: $0.746 (breakout may open the way to $0.77–$0.80).
- RSI (14): 59.04 (moderate bullish momentum, but no overbought condition).
2. Trading scenarios for today
🔵 Optimistic scenario (breakout from resistance)
- Condition: Consolidation above $0.74 on high volumes.
- Action: Buy with targets:
- $0.746 (nearest resistance).
- $0.77–$0.80 (next key levels).
- Stop-loss: $0.69 (support).
🔴 Bearish scenario (bounce from resistance)
- Condition: Pullback from $0.74 without consolidation.
- Action: Sell/short with targets:
- $0.69 (test of support).
- $0.63–$0.58 (deep correction).
- Stop-loss: $0.75 (above key resistance).
🟢 Neutral scenario (sideways movement)
- Condition: Trading in the range of $0.69–$0.74.
- Action: Scalping or waiting for a breakout.
- Levels for scalping:
- Buy at $0.69–$0.70.
- Sell at $0.73–$0.74.
3. Technical indicators
- MACD: Weak bullish crossover, but requires confirmation.
- Bollinger Bands: Narrowing, possible impulsive breakout from the channel.
- EMA: Short-term EMAs (3, 5, 10) are above long-term ones, supporting the upward trend.
4. Risk management
- Risk per trade: No more than 1–2% of capital.
- Risk/reward ratio: Minimum 1:2 (for example, stop at $0.69, target $0.77).
- Important: Consider macro factors (cryptocurrency market news, Cardano updates).
5. Long-term context
- In case of a breakout at $0.80, ADA may continue to rise to $0.90–$1.03 by the end of 2025.
- If it falls below $0.58, a correction to $0.50 is possible.
Summary: Today's trading plan for ADA depends on the reaction to the $0.74 level. Stick to key levels and manage risks. For timely decisions, monitor volumes and news.