šØ $ADA /USDT ā Breakout Reload or Bull Trap? ā”š Coin: Cardano (ADA)
š Timeframe: 1D (Daily)
š° Current Price: ~$0.663
ā Entry Price (Your Level): $0.6628
š 24h Range: $0.6501 ā $0.6785
š Volume: Rising on green candles ā momentum building
š Technical Outlook:
$ADA has broken out of its descending wedge, reclaiming key moving averages and showing solid structure. Your entry is right after a bullish confirmation zone ā ideal for riding the next wave š
Support Zone: $0.650 ā $0.660
Resistance Ahead: $0.685 ā $0.720 ā $0.765
RSI: Mid-range with room to run
MACD: Bullish crossover in progress
šÆ Trade Setup (Swing / Position)
š„ Entry: $0.6628
šÆ Targets:
⢠TP1: $0.685
⢠TP2: $0.720
⢠TP3: $0.765
š”ļø Stop-Loss: $0.642
(To protect against invalidation if support fails)
š§ Strategy Logic:
ā Bullish structure retest
ā Breakout from wedge
ā Buying strength on rising volume
ā ļø Avoid adding if price re-enters wedge below $0.645
š Final Note:
Your entry at $0.6628 gives front-row access to the breakout move š
If $0.685 flips into support, ADA could gain strong traction toward $0.72+.