$ADA ON THE EDGE – WILL THE BREAKOUT HOLD OR IS THIS A TRAP?
$ADA is currently trading at $0.7245, down -4.73%, after reclaiming ground from the 24h low of $0.7100. The price is now flirting with short-term resistance, hinting at a possible breakout, but the order book reveals mixed sentiment.
Key Levels to Watch:
• Resistance Zone: $0.7280 – $0.7330
A breakout here could open the way for a sharp recovery move.
• Support Zone: $0.7200 – $0.7100
Failure to hold this zone could lead to another wave of selling.
Trade Setup – Range Break Ahead:
Bullish Scenario:
If ADA pushes above $0.7280 with strong volume, upside targets could be:
• TP1: $0.7330
• TP2: $0.7450
Bearish Scenario:
Dropping below $0.7200 may drag price down toward:
• TP1: $0.7100
• TP2: $0.6950
Stop-Loss Guidance:
• Long Entry: SL below $0.7200
• Short Entry: SL above $0.7330
$ADA is sitting right beneath resistance. A breakout above $0.728 could ignite short-term momentum, but rejection here may push it back toward $0.710. Confirm the move before acting.