ADA/USDT Trading Plan 📈
✅ Entry Area: Buy between $0.705 and $0.715, near the support of the exponential moving averages (25 and 99), and above the last breakout level.
⛔ Stop Loss: Set the price at $0.690, just below the 99 exponential moving average and the last consolidation base.
🎯 Profit Targets:
Target 1: $0.735 📍 (Partial profit taking + move stop loss order to entry level)
Target 2: $0.755 🎯
Target 3: $0.785 🚀
📊 Risk to Reward Ratio: 2.5:1 - 4:1 ⚖
📌 Key Notes:
Trend Shift: ADA has broken a descending resistance level with increased trading volume - a bullish structure is forming.
High Trading Volume: The recent surge saw a sharp increase to trading volume over $1 million - clear demand area near $0.70-$0.715.
MACD Indicator: Shifting to a bullish trend, drawing green histogram bars - momentum is increasing.
Relative Strength Index: Hovering around 58, there is room for upward movement before reaching overbought territory.
Strong Support: A cluster of exponential moving averages (25), and exponential moving averages (99), and horizontal support around $0.705 - strong risk area.
🔄 Strategy:
Enter only if ADA maintains its price above $0.705, preferably at the close of a strong candle or confirmed trading volume.
After Target 1, follow the stop loss just below the 25 exponential moving average.
Watch the $0.735 level as a resistance level - if trading volume decreases at this level, consider reducing your position.
⚠️ Reminder: ADA may lag behind the market during sideways Bitcoin movement. Trade with an appropriate size for the trading position and protect your capital.
🚀 Trade smart and expand your trading range at key levels! 💰
