📊 Technical Analysis
• Short-term resistance: $0.74 – $0.76 range, if surpassed may target $0.88.
• Strong support: $0.68 – $0.70 range, where ADA has tested and held multiple times.
• Technical indicators:
• RSI (14): Currently at around 56, indicating the market is in a neutral state.
• MACD: The MACD line crosses above the signal line, confirming the uptrend.
• EMA 20/50: Price is above both EMA lines, reinforcing the short-term uptrend.
📈 Futures trading strategy for the next 24 hours
1. Scalping Strategy (5–15 minute timeframe)
• Target: Small, quick profits from frequent trades.
• Indicators used: EMA 9 & 21, MACD, RSI, VWAP.
• Buy entry point: When EMA 9 crosses above EMA 21, RSI below 70, MACD crosses up.
• Take profit: 0.3%–0.6%.
• Stop loss: 0.2%–0.4%.
• Leverage: 5x–10x (manage risk carefully).
2. Intraday Strategy (30 minutes – 1 hour timeframe)
• Buy order:
• Entry point: $0.68–$0.70.
• Take profit: TP1: $0.74; TP2: $0.78.
• Stop loss: $0.66.
• Leverage: 3x–5x.
• Sell order (if resistance holds):
• Entry point: $0.74–$0.76.
• Take profit: $0.70.
• Stop loss: $0.78.
🧠 Market sentiment and whale activity
• Buying activity from whales is increasing, indicating strong interest in ADA.
• Trading volume has surged, reaching about $824 million in the past 24 hours, reinforcing the uptrend.
⚠️ Important note
• The ADA market is experiencing strong fluctuations; investors should be cautious with high leverage and set appropriate stop-loss levels to manage risk.
• Closely monitor announcements from exchanges regarding maintenance or changes related to ADA trading to avoid unwanted risks.