$ADA
Entry, Target, and Stop Loss Strategy:
Entry Price:
Long Entry: Enter at the current price of $0.6776 if the price breaks above the resistance level of $0.6673.Short Entry: Consider entering at $0.6776 if the price fails to break above $0.6673 and starts to consolidate downward.
Target Price:
Long Target 1: $0.74 (first resistance level).Long Target 2: $0.80 (second resistance level).Short Target 1: $0.63 (first support level).Short Target 2: $0.59 (second support level).
Stop Loss:
Long Stop Loss: Place below the recent swing low at $0.6647.Short Stop Loss: Place above the resistance level at $0.6673.
Risk Management:
With a 1:50 leverage, even small price movements can result in significant gains or losses. Ensure your position size is manageable to avoid over-leveraging.Consider using a stop-loss order to limit potential losses if the market moves against your position.