📊 ADA 4H Spot Long Strategy (May 2, 2025)

🔍 Market Overview

Current Price: ~$0.7067

24H Range: $0.6973 – $0.7236

Trend: Consolidating within ascending triangle

Key Support: $0.70 (trendline), $0.65 (swing low)

Key Resistance: $0.75 (breakout level), $0.80 (next major zone)

📌 ADA is currently consolidating within an ascending triangle pattern, with the price holding above the $0.70 support level. A breakout above $0.75 could signal a bullish continuation.

🟢 Entry Option 1: Breakout Trade

🔓 Zone: Enter on a breakout into the $0.72–$0.74 range

🔓 Confirmation:

→ 4H candle closes above $0.72 with strong body and volume

→ MACD bullish crossover

→ RSI above 60

🟢 Entry Option 2: Pullback Trade

🔁 Zone: Enter on a dip into the $0.70–$0.72 range

🔁 Confirmation:

→ Bullish reversal pattern (hammer, engulfing)

→ RSI holding above 50

→ Volume uptick near support zone

🎯 Targets

TP1: $0.78

TP2: $0.82

TP3: $0.85

🛑 Stop-Loss

Breakout SL: Below $0.70

Pullback SL: Below $0.68

⚠️ Risk Management Tips

Risk 1–2% of capital max per trade

Use 2:1 reward-to-risk ratio minimum

Adjust SL to breakeven after TP1

Monitor BTC/ETH momentum for correlation signals

👉 DYOR — Always conduct your own research and consider market conditions before making trading decisions.