As of May 17, 2025, Cardano (ADA) is trading at approximately $0.78 USD, with a 24-hour trading volume of around $835 million and a market capitalization of about $27.5 billion .
š ADA Futures Trading: Entry, Stop Loss, Long & Short Strategies
Futures trading allows you to speculate on ADA's price movements without holding the actual tokens. Here's how to approach it:
š¹ Long Position (Expecting Price Increase)
Entry Point: Consider entering between $0.690 and $0.710, near the 200-day Moving Average, which often acts as strong support .
Stop Loss: Set around $0.645 to limit potential losses if the price moves against your position.
Take Profit Targets: Aim for $0.80ā$0.84 initially, with potential extensions to $0.98ā$1.02 if bullish momentum continues
š» Short Position (Expecting Price Decrease)
Entry Point: If ADA fails to hold the $0.75 support level, consider entering a short position, anticipating a drop towards $0.71 or lower .
Stop Loss: Place just above $0.75 to protect against unexpected upward movements.
Take Profit Target: Look for a decline to around $0.71, aligning with recent support levels.
ā ļø Risk Management Tips
Use Stop-Loss Orders: Always set stop-loss levels to manage potential losses.
Leverage Caution: While leverage can amplify gains, it also increases risk. Use it judiciously.
Stay Informed: Keep up with market news and technical analyses to make informed decisions
Diversify: Don't concentrate all your capital in a single trade or asset.
If you need further assistance or have specific questions about ADA trading strategies, feel free to ask!