BAYJIGIT-酷哥 vs COIN
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$ADA
May 8, 2025 ADA Market Analysis (Not Investment Advice)
Today's ADA trend is very strong, continuously rising, with the current price around 0.6992U, and a daily increase of over 4.13%, making it one of the strongest cryptocurrencies in the market.
From the structure in the chart, it has previously experienced a long-term downtrend (red line downward segment), but recently, with two consecutive large bullish candlesticks, it has broken through the 20EMA, indicating that the market is likely to officially reverse and enter an upward channel.
Key points are as follows:
1. Strong trend reversal signal: The price has broken through multiple downward resistance lines, and the trading volume has increased, indicating that major forces are entering the market.
2. Clear bullish entry point: The bullish opening position set in the strategy on the chart is at 0.6965U, with a stop loss set at 0.6900U, targeting 0.7139U, achieving a risk-reward ratio of 2.68, which is a very ideal trading model.
3. Support level confirmed effective: 0.6758U is the support bottom of the previous consolidation area, and once retested, it may also become strong support.
4. Sufficient short-term momentum: The 5EMA and 20EMA have started a golden cross, likely to continue pushing higher.
Operational suggestions:
• For holders of long positions, it is recommended to continue holding, with profit-taking set above 0.7130U;
• Aggressive traders may also try light positions on a slight pullback in the 0.696~0.698U range;
• If it drops below 0.6900U, it is advised to stop loss immediately to avoid the risk of false breakouts.
Support levels: 0.6900U / 0.6758U
Resistance levels: 0.7139U / 0.7350U
The market is entering a stage of emotional release; it is not recommended to chase high with heavy positions. Pay attention to position control and risk management.
May 8, 2025 ADA Market Analysis (Not Investment Advice)
Today's ADA trend is very strong, continuously rising, with the current price around 0.6992U, and a daily increase of over 4.13%, making it one of the strongest cryptocurrencies in the market.
From the structure in the chart, it has previously experienced a long-term downtrend (red line downward segment), but recently, with two consecutive large bullish candlesticks, it has broken through the 20EMA, indicating that the market is likely to officially reverse and enter an upward channel.
Key points are as follows:
1. Strong trend reversal signal: The price has broken through multiple downward resistance lines, and the trading volume has increased, indicating that major forces are entering the market.
2. Clear bullish entry point: The bullish opening position set in the strategy on the chart is at 0.6965U, with a stop loss set at 0.6900U, targeting 0.7139U, achieving a risk-reward ratio of 2.68, which is a very ideal trading model.
3. Support level confirmed effective: 0.6758U is the support bottom of the previous consolidation area, and once retested, it may also become strong support.
4. Sufficient short-term momentum: The 5EMA and 20EMA have started a golden cross, likely to continue pushing higher.
Operational suggestions:
• For holders of long positions, it is recommended to continue holding, with profit-taking set above 0.7130U;
• Aggressive traders may also try light positions on a slight pullback in the 0.696~0.698U range;
• If it drops below 0.6900U, it is advised to stop loss immediately to avoid the risk of false breakouts.
Support levels: 0.6900U / 0.6758U
Resistance levels: 0.7139U / 0.7350U
The market is entering a stage of emotional release; it is not recommended to chase high with heavy positions. Pay attention to position control and risk management.
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