1. Current situation:
- Last price: 0.7795 (+8.25%)
- Mark price: 0.7799
- 24h range: 0.7197 – 0.8180
- Volumes:
- ADA: 75.75 million
- USDC: 58.23 million
2. Key levels:
- Resistance:
- 0.7903 (nearest)
- 0.8150 – 0.8242 (strong levels)
- Support:
- 0.7545
- 0.7295 – 0.7188 (key zone)
3. Indicators:
- MACD: -0.0010 (bearish cross, but weak).
- RSI(6): 46.79 (neutral, no overbought/oversold).
- Bollinger levels: Current price is close to the middle, volatility is moderate.
4. Scenarios and plan:
a) Bullish scenario (breakout of resistance):
- Trigger: Closing of the candle above 0.7903 with increased volume.
- Targets: 0.8150 → 0.8242.
- Stop-loss: Below 0.7790 (or 0.7545 for conservative traders).
b) Bearish scenario (bounce from resistance):
- Trigger: Bounce from 0.7903 or 0.8150 with a bearish pattern (e.g., doji).
- Targets: 0.7545 → 0.7295.
- Stop-loss: Above 0.7950.
c) Consolidation (sideways 0.7545 – 0.7903):
- Strategy: Scalping in range or waiting for a breakout.
5. Risk management:
- Risk per trade: No more than 1-2% of capital.
- Correction under volume: Monitor volume on breakouts/bounces.
6. Additional factors:
- Time: Activity may increase at 20:00 (UTC+3) – time of daily candle close.
- News: Check news on Cardano (ADA)
Summary:
- Main focus on breaking 0.7903 or bouncing from it.
- Consider MACD and RSI for confirming trend strength.
- Flexibility: Adjust the plan in case of sharp changes in volume or price.
Note: The plan is valid on 2025-05-09. For precise entry, use limit orders and keep an eye on data updates.
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