$ADA

ADA/USDT – Falling Channel Breakout Retest Play

technically sharp and aligns with classic breakout-retest principles.

Trade Thesis:

Cardano has broken out of a falling channel and is now retesting the breakout zone at ~$0.745. This is a textbook bullish retest, offering a prime low-risk long setup.

TRADE SETUP (LONG):

Entry Zone: $0.744 – $0.7468

Stop Loss (SL): $0.735 (below structure + wick room)

Take Profit 1 (TP1): $0.775 (first key resistance)

Take Profit 2 (TP2): $0.859 (next major breakout target)

Risk/Reward: ~1:3+ — clean and favorable for trend traders

MARKET OUTLOOK:

Breakout Confirmed: Volume supported the breakout — a positive signal

Retest Holding So Far: Price respecting former resistance as new support

Key Bullish Trigger: Reclaiming and holding above $0.775 flips market momentum fully bullish

Momentum Building: Higher lows forming; possible stair-step to $0.85+

Strategy Tip:

Wait for a 15m or 1h bullish engulfing or breakout candle near $0.745 for added confirmation. If volume spikes with reclaim above $0.75–$0.752, that's early ignition.

buy and trade here $ADA .